Quote from: d_eddie on Today at 04:02:11 PM

Quote from: ivomm on Today at 03:34:26 PM

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/1882902842878669000

Only authorized (institutonal) participants though - not the plebs. 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 and not get harassed by the SEC.

As for the plebs (counting myself in that group) I think redemption is more important than creation for someone who is already invested in bitcoin. I do wonder why one would convert hard bitcoin into paper, but there could be fiscal reason for example.

I haven't seen this particular piece of news here, either. But, like you, I don't see all the posts.

Interesting wonder how they will handle all the tax sheltered accounts( eg pensions) holding ibit and transferring it to btc, will it be a taxable event hmm?