{"id":157306,"date":"2023-11-22T18:42:54","date_gmt":"2023-11-22T18:42:54","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=157306"},"modified":"2023-11-23T01:04:49","modified_gmt":"2023-11-23T01:04:49","slug":"blackrock-pushes-bitcoin-etf-advance-with-creation-in-kind-preference","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/blackrock-pushes-bitcoin-etf-advance-with-creation-in-kind-preference\/","title":{"rendered":"BlackRock Pushes Bitcoin ETF Advance with Creation-in-Kind Preference"},"content":{"rendered":"
Financial giant BlackRock has taken a significant step toward creating its highly anticipated Bitcoin<\/a> exchange-traded fund<\/strong> (ETF) by revealing its preference for an in-kind creation structure<\/strong> during its recent meeting with the US Securities and Exchange Commission (SEC).<\/p>\n <\/p>\n The meeting with the SEC has shed light on BlackRock’s strategy<\/strong> for its proposed<\/a> Bitcoin ETF, highlighting its tilt toward in-kind creation rather than cash creation.<\/strong><\/p>\n This preference, revealed through slides presented during the meeting, suggests that BlackRock is seeking a cleaner and more transparent<\/strong> approach for both the company and end investors.<\/p>\n Looks like @BlackRock<\/a> also met with SEC! There\u2019s a couple slides in relation to in-kind vs cash creation. Based on this it looks like BlackRock prefers in-kind for their #bitcoin<\/a> ETF (makes sense as its probably cleanest structure for them & end investors) — James Seyffart (@JSeyff) November 22, 2023<\/a><\/p><\/blockquote>\n\n
h\/t @btcNLNico<\/a> https:\/\/t.co\/AK0XspL4zJ<\/a> pic.twitter.com\/eeuUT9T5mn<\/a><\/p>\n