Nasdaq has proposed allowing BTC redemptions in-kind for BlackRock’s iShares Bitcoin ETF. This move would simplify the process for investors, enabling them to receive Bitcoin directly instead of cash, while reducing the impact on BTC prices during large-scale redemptions.
This initiative was made possible by the repeal of SAB 121 and the pro-crypto policies of the new Trump administration.
If approved, this proposal will mark a significant step toward integrating Bitcoin into institutional finance.