Market
Will Nasdaq implement the rule change for BlackRock's IBIT ETF by September 30, 2025?
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Resolution / Starting Odds
Yes • 50%
No • 50%
Official Nasdaq announcements or filings
Story
BlackRock Files for In-Kind Bitcoin Redemptions in IBIT ETF via Nasdaq
Jan 24, 2025, 09:15 PM
BlackRock Inc. has filed for a rule change with the U.S. Securities and Exchange Commission (SEC) to enable in-kind Bitcoin redemptions for its iShares Bitcoin Trust ETF (IBIT). The proposed amendment, submitted by Nasdaq on behalf of BlackRock, would allow authorized participants to redeem ETF shares directly for Bitcoin, rather than cash. This change aims to streamline the redemption process, potentially reducing costs and tax implications for institutional investors. The filing marks a significant shift from the cash-based model initially approved by the SEC in January 2024, reflecting evolving regulatory perspectives under the new administration.
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Similar markets
Yes • 50%
No • 50%
No • 50%
Yes • 50%
Increase holdings • 25%
No significant change • 25%
Launch new Bitcoin ETF • 25%
Decrease holdings • 25%
Yes • 50%
No • 50%
No • 50%
Yes • 50%
Only NYSE Approved • 33%
Both Approved • 33%
Only Nasdaq Approved • 33%
Neither Approved • 33%