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9 sats \ 0 replies \ @freetx 26 Jan \ parent \ on: Nasdaq Files for In-Kind Redemptions for BlackRock’s Bitcoin ETF bitcoin
In-kind redemptions are only for institutional participants like APs. But experts think this will still benefit everyday investors by making Bitcoin ETFs more efficient.
This is true, but I think together with repeal of SAB-121 (allowing banks to custody BTC), you will see solutions being offered to retail to do this.
I'm sure Fidelity is going to follow suit with a request for in-kind redemption, then via your Fidelity account they will be able to put you in/out of FBTC directly with no cap gains sales needed.
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