According to the latest development, BlackRock’s ISHARES Bitcoin ETF product has applied for in-kind refunds.
The SEC had previously pushed for Bitcoin Spot ETFs to only include cash refunds, rejecting applications for in-kind refunds. Tax-advantaged in-kind refunds, if approved, would be positive for the cryptocurrency market.
*This is not investment advice.
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Source: https://en.bitcoinsistemi.com/breaking-blackrock-re-applies-for-the-feature-in-its-bitcoin-spot-etf-that-the-sec-never-wanted-before/