This is important, very important. It avoids having to use the dollar to trade Bitcoin at the institutional level.
"BlackRock just filed to allow in-kind creation and redemption on their Bitcoin ETF. This mean Authorised Participants can deposit and withdraw Bitcoin to and from the ETF."
Don't enyone dare give them Bitcoin.
OMG this is huge. Thank you for sharing.
I can think of the pros but I also get uneasy.
So will this really drive ETF dominance making sure price is influenced by institutional flows rather than the organic market.
I guess there can now be larger movements of btc back into the market driving some decent and manipulated spikes…
It's still issued by a third party.
You have to earn bitcoin directly to avoid a fiat 3rd party, at which point a fiat-denominated ETF or exchange is moot
Can you explain more why it is important? I just see that this rule make little bit easier to buy or sell ETF, but I'm noob
sorry not buy or sell but exchange between ETF and bitcoin
I am sure they would love people to deposit real BTC for paper (ETF) BTC.
Disagree. Distraction and not important for a sovereign individual.
