Nasdaq’s In-Kind Bitcoin Redemptions Could Be Good for BlackRock ETF – Here’s How

Yesterday, Nasdaq submitted a proposal to change the rules for in-kind Bitcoin redemptions in BlackRock’s Bitcoin ETF. The aim is to make the redemption process simpler and to align with regulatory changes under the newly appointed Trump administration.

A Step Toward Easier Bitcoin ETF Redemptions

On January 24, Nasdaq officially filed the 19b-4 form to seek approval for the rule change that would affect BlackRock’s Bitcoin ETF, a major investment fund based in New York. If the proposal is approved, institutional investors will be able to redeem shares directly for Bitcoin, instead of selling Bitcoin through market makers to raise cash.

This change would streamline the redemption process by reducing the steps and parties involved. It also aims to lower the selling pressure on Bitcoin during redemption events, which could have a positive impact on Bitcoin’s price.