BlackRock Seeks ETF Rule Change as Grayscale Makes New Filings
- The cryptocurrency exchange-traded funds (ETF) sector is heating up.
- BlackRock has applied for a rule change to allow in-kind redemptions.
- Grayscale has filed for Litecoin and Solana ETFs.
The cryptocurrency ETF market is gaining momentum with a slew of new filings and updates to existing products. BlackRock, a leading provider of ETFs, has submitted a request to adjust its redemption process for its iShares Bitcoin ETF (IBIT). Meanwhile, Grayscale has filed for Litecoin and Solana ETFs, further diversifying its offerings.
According to reports, BlackRock seeks a rule change to allow in-kind redemptions for its iShares Bitcoin ETF (IBIT). If approved, the new process would permit the direct transfer of Bitcoin to investors during redemptions, eliminating the need to convert holdings into cash.
This proposed change could streamline Bitcoin ETF operations, offering institutional investors greater efficiency and lower tax liabilities. By adopting this alternative redemption mechanism, BlackRock seeks to set a precedent that could influence other ETF issuers and further integrate digital assets into traditional financial markets.
Grayscale Expands with Litec…
The post BlackRock Seeks ETF Rule Change as Grayscale Makes New Filings appeared first on Coin Edition.
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BlackRock Seeks ETF Rule Change as Grayscale Makes New Filings
- The cryptocurrency exchange-traded funds (ETF) sector is heating up.
- BlackRock has applied for a rule change to allow in-kind redemptions.
- Grayscale has filed for Litecoin and Solana ETFs.
The cryptocurrency ETF market is gaining momentum with a slew of new filings and updates to existing products. BlackRock, a leading provider of ETFs, has submitted a request to adjust its redemption process for its iShares Bitcoin ETF (IBIT). Meanwhile, Grayscale has filed for Litecoin and Solana ETFs, further diversifying its offerings.
According to reports, BlackRock seeks a rule change to allow in-kind redemptions for its iShares Bitcoin ETF (IBIT). If approved, the new process would permit the direct transfer of Bitcoin to investors during redemptions, eliminating the need to convert holdings into cash.
This proposed change could streamline Bitcoin ETF operations, offering institutional investors greater efficiency and lower tax liabilities. By adopting this alternative redemption mechanism, BlackRock seeks to set a precedent that could influence other ETF issuers and further integrate digital assets into traditional financial markets.
Grayscale Expands with Litec…
The post BlackRock Seeks ETF Rule Change as Grayscale Makes New Filings appeared first on Coin Edition.
Read More
BTC, SOL, BNB, and ADA Funding Rate Flips Negative—Is the Crypto Market Bracing for a Drop?