IBIT flips to in-kind creations: what it means for spreads, taxes and flows
The largest Bitcoin ETF on the earth has simply revamped its course of for transferring cash in and out of the fund. BlackRock’s IBIT, which has accrued greater than $20 billion since launch, can now course of creations and redemptions “in sort.” The SEC’s approval order quietly flipped the change: IBIT’s approved members can now…
