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BlackRock Meets With SEC on Structure of Bitcoin ETF

Katie Lin

Summary: BlackRock appears to have met with the U.S. Securities and Exchange Commission (SEC) to work out the redemption structure for its proposed bitcoin ETF, according to Bloomberg analyst James Seyffart on X.  Seyffart's presented slides indicate that BlackRock prefers the in-kind redemption model, considering it the most transparent and efficient approach for both the company ...

BlackRock appears to have met with the U.S. Securities and Exchange Commission (SEC) to work out the redemption structure for its proposed bitcoin ETF, according to Bloomberg analyst James Seyffart on X. 

Seyffart's presented slides indicate that BlackRock prefers the in-kind redemption model, considering it the most transparent and efficient approach for both the company and its investors. This redemption model allows ETF issuers to handle redemptions by exchanging tangible assets rather than cash, offering potential advantages in asset management and tax treatment.

Author: Katie Lin

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