I didn't see someone post this. But I have some newbies on ignore, so...
💥 BREAKING: BlackRock just filed to allow in-kind creation and redemption on their Bitcoin ETF $IBIT
This mean Authorised Participants can deposit and withdraw Bitcoin to and from the ETF. 🔥
https://x.com/BTC_Archive/status/1882902842878669000Not the plebs though. They're still bound to fiat.
However, the next ETFs to come on the market could opt for in-kind redemption right from the get go.
I think redemption is more important than creation for someone who is already invested in bitcoin.