BlackRock met privately with the SEC’s Crypto Task Force on April 1 to explore changes in crypto ETF structures, specifically shifting from cash-based to in-kind redemptions.
The company is pushing for a system allowing ETF shares to be exchanged directly for Bitcoin, moving away from the current cash redemption requirement imposed by the SEC.
The willingness of regulators to discuss innovative models, shown through these private talks, may indicate a potential shift in the future of crypto ETFs.
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