BlackRock and Ark Propose In-Kind Redemptions for Spot Bitcoin ETFs!

Cryptomok

Newbie
Nov 21, 2023
47
28
Hey, did you hear about BlackRock and Ark's move with the Bitcoin ETFs? They're suggesting this cool idea called 'in-kind redemptions.' Basically, instead of cash, investors could swap their ETF shares for actual Bitcoin. It's all about making things more tax-friendly. By doing this, they won't have to sell off securities when investors cash out, dodging potential capital gains taxes. This move's part of their talks with the SEC to smoothen things out and get the spot Bitcoin ETFs approved.
 
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