That’s what I’m thinking. Making it easier for companies to buy bitcoin and get in-kind redemption.

That's quite interesting. It's kind of like tradfi with their own version of WBTC.

grayruby

Ahh okay I was using AI  and it mentioned this :

So… What Is a Bitcoin Depositary Receipt?

I often seen ADR on brokerage statements and tax docs I was wondering if your knowledge in financial markets could expand upon what this could mean for BTC and stocks.

Stacker_Stocks

Blok Whatcha Buying? Week #44

BlokchainB

Ahh okay I was using AI  and it mentioned this :

## So… What Is a Bitcoin Depositary Receipt?

Think of it like this:

* You know how companies from other countries can trade shares in the U.S. using something called an **ADR (American Depositary Receipt)**?
* A **Bitcoin Depositary Receipt (BTC DR)** works the same way — but instead of representing shares of a company, it represents **actual Bitcoin**.

I often seen ADR on brokerage statements and tax docs I was wondering if your knowledge in financial markets could expand upon what this could mean for BTC and stocks.

So… What Is a Bitcoin Depositary Receipt?So… What Is a Bitcoin Depositary Receipt?