• Home
  • About Us
  • Terms and Conditions
  • Privacy Policy
  • Disclaimer
  • Contact
25 July Friday, 2025
  • tr Türkçe
  • en English
TurkishNY Radio
No Result
View All Result
  • Home
  • Cryptocurrency
  • Business
  • Economy
  • Home
  • Cryptocurrency
  • Business
  • Economy
No Result
View All Result
  • tr Türkçe
  • en English
TurkishNY Radio
No Result
View All Result
Bitcoin Bitcoin (BTC) $117,217.21 ↓ -1.15%
Ethereum Ethereum (ETH) $3,722.86 ↑ 0.22%
XRP XRP (XRP) $3.14 ↓ -1.36%
Tether USDt Tether USDt (USDT) $1.00 ↓ -0.04%
BNB BNB (BNB) $779.74 ↑ 0.45%
Solana Solana (SOL) $185.16 ↑ 0.27%
USDC USDC (USDC) $1.00 ↓ -0.01%
Dogecoin Dogecoin (DOGE) $0.23 ↓ -0.42%
TRON TRON (TRX) $0.32 ↑ 0.11%
Cardano Cardano (ADA) $0.81 ↑ 0.01%
Hyperliquid Hyperliquid (HYPE) $43.70 ↑ 2.79%
Sui Sui (SUI) $3.98 ↑ 5.52%
Stellar Stellar (XLM) $0.43 ↓ -0.07%
Chainlink Chainlink (LINK) $18.24 ↑ 0.54%
Hedera Hedera (HBAR) $0.26 ↑ 8.01%
Bitcoin Cash Bitcoin Cash (BCH) $549.08 ↑ 6.76%
Avalanche Avalanche (AVAX) $23.94 ↑ 0.17%
Litecoin Litecoin (LTC) $113.68 ↑ 0.83%
UNUS SED LEO UNUS SED LEO (LEO) $8.97 ↓ -0.07%
Shiba Inu Shiba Inu (SHIB) $0.00 ↑ 2.00%
Toncoin Toncoin (TON) $3.18 ↑ 1.25%
Ethena USDe Ethena USDe (USDe) $1.00 ↓ -0.06%
Polkadot Polkadot (DOT) $4.09 ↑ 1.64%
Uniswap Uniswap (UNI) $10.39 ↑ 1.42%
Monero Monero (XMR) $320.77 ↓ -1.38%
Dai Dai (DAI) $1.00 ↓ -0.02%
Bitget Token Bitget Token (BGB) $4.54 ↓ -1.87%
Pepe Pepe (PEPE) $0.00 ↓ -0.98%
Aave Aave (AAVE) $293.30 ↑ 0.68%
Cronos Cronos (CRO) $0.13 ↑ 4.16%
Bittensor Bittensor (TAO) $425.61 ↑ 0.65%
Ethena Ethena (ENA) $0.59 ↑ 24.77%
NEAR Protocol NEAR Protocol (NEAR) $2.86 ↑ 3.65%
Ethereum Classic Ethereum Classic (ETC) $22.63 ↑ 0.52%
Pi Pi (PI) $0.44 ↓ -0.83%
Ondo Ondo (ONDO) $1.04 ↑ 0.22%
Aptos Aptos (APT) $4.73 ↑ 1.23%
Internet Computer Internet Computer (ICP) $5.61 ↑ 1.11%
OKB OKB (OKB) $48.13 ↓ -0.31%
Bonk Bonk (BONK) $0.00 ↑ 5.47%
Kaspa Kaspa (KAS) $0.10 ↓ -0.44%
Mantle Mantle (MNT) $0.76 ↑ 1.03%
POL (prev. MATIC) POL (prev. MATIC) (POL) $0.23 ↑ 0.57%
Pudgy Penguins Pudgy Penguins (PENGU) $0.04 ↑ 0.91%
Algorand Algorand (ALGO) $0.27 ↑ 1.08%
Arbitrum Arbitrum (ARB) $0.44 ↑ 1.87%
World Liberty Financial USD World Liberty Financial USD (USD1) $1.00 ↑ 0.04%
VeChain VeChain (VET) $0.03 ↑ 2.61%
Render Render (RENDER) $4.18 ↑ 2.24%
GateToken GateToken (GT) $17.55 ↓ -0.89%
Worldcoin Worldcoin (WLD) $1.16 ↑ 0.55%
OFFICIAL TRUMP OFFICIAL TRUMP (TRUMP) $10.04 ↑ 0.18%
Sky Sky (SKY) $0.09 ↑ 8.83%
Sei Sei (SEI) $0.33 ↑ 2.95%
Cosmos Cosmos (ATOM) $4.70 ↑ 0.66%
Filecoin Filecoin (FIL) $2.64 ↑ 1.37%
Artificial Superintelligence Alliance Artificial Superintelligence Alliance (FET) $0.74 ↑ 1.74%
SPX6900 SPX6900 (SPX) $1.87 ↑ 3.20%
Jupiter Jupiter (JUP) $0.55 ↑ 0.29%
Story Story (IP) $5.45 ↑ 5.03%
Flare Flare (FLR) $0.02 ↓ -2.50%
KuCoin Token KuCoin Token (KCS) $11.98 ↓ -1.26%
Quant Quant (QNT) $121.44 ↑ 0.48%
First Digital USD First Digital USD (FDUSD) $1.00 ↓ -0.05%
Curve DAO Token Curve DAO Token (CRV) $1.04 ↑ 5.58%
XDC Network XDC Network (XDC) $0.09 ↑ 2.50%
Celestia Celestia (TIA) $1.94 ↑ 5.09%
Injective Injective (INJ) $13.99 ↑ 2.57%
Fartcoin Fartcoin (FARTCOIN) $1.35 ↓ -0.75%
Four Four (FORM) $3.43 ↓ -3.77%
Stacks Stacks (STX) $0.81 ↑ 1.84%
Optimism Optimism (OP) $0.72 ↑ 2.33%
FLOKI FLOKI (FLOKI) $0.00 ↑ 1.66%
dogwifhat dogwifhat (WIF) $1.07 ↑ 1.25%
Immutable Immutable (IMX) $0.56 ↑ 1.19%
Ethereum Name Service Ethereum Name Service (ENS) $28.53 ↓ -0.15%
The Graph The Graph (GRT) $0.10 ↑ 1.20%
Virtuals Protocol Virtuals Protocol (VIRTUAL) $1.56 ↓ -0.18%
Kaia Kaia (KAIA) $0.16 ↓ -1.13%
Lido DAO Lido DAO (LDO) $1.10 ↑ 1.55%
Pump.fun Pump.fun (PUMP) $0.00 ↓ -5.44%
Sonic Sonic (S) $0.33 ↑ 0.42%
Conflux Conflux (CFX) $0.19 ↑ 5.16%
PAX Gold PAX Gold (PAXG) $3,353.51 ↓ -0.64%
PancakeSwap PancakeSwap (CAKE) $2.71 ↑ 2.02%
Tezos Tezos (XTZ) $0.89 ↑ 0.30%
Vaulta Vaulta (A) $0.57 ↓ -0.77%
PayPal USD PayPal USD (PYUSD) $1.00 ↓ -0.03%
Theta Network Theta Network (THETA) $0.88 ↑ 0.71%
Nexo Nexo (NEXO) $1.32 ↓ -0.24%
JasmyCoin JasmyCoin (JASMY) $0.02 ↑ 0.51%
Tether Gold Tether Gold (XAUt) $3,343.97 ↓ -0.77%
IOTA IOTA (IOTA) $0.21 ↑ 1.86%
Raydium Raydium (RAY) $2.99 ↓ -2.95%
Gala Gala (GALA) $0.02 ↑ 1.31%
The Sandbox The Sandbox (SAND) $0.30 ↑ 1.15%
Aerodrome Finance Aerodrome Finance (AERO) $0.88 ↓ -1.52%
Pendle Pendle (PENDLE) $4.48 ↑ 2.93%
Pyth Network Pyth Network (PYTH) $0.13 ↑ 2.59%
Jito Jito (JTO) $1.97 ↓ -1.28%
Bitcoin Bitcoin (BTC) $117,217.21 ↓ -1.15%
Ethereum Ethereum (ETH) $3,722.86 ↑ 0.22%
XRP XRP (XRP) $3.14 ↓ -1.36%
Tether USDt Tether USDt (USDT) $1.00 ↓ -0.04%
BNB BNB (BNB) $779.74 ↑ 0.45%
Solana Solana (SOL) $185.16 ↑ 0.27%
USDC USDC (USDC) $1.00 ↓ -0.01%
Dogecoin Dogecoin (DOGE) $0.23 ↓ -0.42%
TRON TRON (TRX) $0.32 ↑ 0.11%
Cardano Cardano (ADA) $0.81 ↑ 0.01%
Hyperliquid Hyperliquid (HYPE) $43.70 ↑ 2.79%
Sui Sui (SUI) $3.98 ↑ 5.52%
Stellar Stellar (XLM) $0.43 ↓ -0.07%
Chainlink Chainlink (LINK) $18.24 ↑ 0.54%
Hedera Hedera (HBAR) $0.26 ↑ 8.01%
Bitcoin Cash Bitcoin Cash (BCH) $549.08 ↑ 6.76%
Avalanche Avalanche (AVAX) $23.94 ↑ 0.17%
Litecoin Litecoin (LTC) $113.68 ↑ 0.83%
UNUS SED LEO UNUS SED LEO (LEO) $8.97 ↓ -0.07%
Shiba Inu Shiba Inu (SHIB) $0.00 ↑ 2.00%
Toncoin Toncoin (TON) $3.18 ↑ 1.25%
Ethena USDe Ethena USDe (USDe) $1.00 ↓ -0.06%
Polkadot Polkadot (DOT) $4.09 ↑ 1.64%
Uniswap Uniswap (UNI) $10.39 ↑ 1.42%
Monero Monero (XMR) $320.77 ↓ -1.38%
Dai Dai (DAI) $1.00 ↓ -0.02%
Bitget Token Bitget Token (BGB) $4.54 ↓ -1.87%
Pepe Pepe (PEPE) $0.00 ↓ -0.98%
Aave Aave (AAVE) $293.30 ↑ 0.68%
Cronos Cronos (CRO) $0.13 ↑ 4.16%
Bittensor Bittensor (TAO) $425.61 ↑ 0.65%
Ethena Ethena (ENA) $0.59 ↑ 24.77%
NEAR Protocol NEAR Protocol (NEAR) $2.86 ↑ 3.65%
Ethereum Classic Ethereum Classic (ETC) $22.63 ↑ 0.52%
Pi Pi (PI) $0.44 ↓ -0.83%
Ondo Ondo (ONDO) $1.04 ↑ 0.22%
Aptos Aptos (APT) $4.73 ↑ 1.23%
Internet Computer Internet Computer (ICP) $5.61 ↑ 1.11%
OKB OKB (OKB) $48.13 ↓ -0.31%
Bonk Bonk (BONK) $0.00 ↑ 5.47%
Kaspa Kaspa (KAS) $0.10 ↓ -0.44%
Mantle Mantle (MNT) $0.76 ↑ 1.03%
POL (prev. MATIC) POL (prev. MATIC) (POL) $0.23 ↑ 0.57%
Pudgy Penguins Pudgy Penguins (PENGU) $0.04 ↑ 0.91%
Algorand Algorand (ALGO) $0.27 ↑ 1.08%
Arbitrum Arbitrum (ARB) $0.44 ↑ 1.87%
World Liberty Financial USD World Liberty Financial USD (USD1) $1.00 ↑ 0.04%
VeChain VeChain (VET) $0.03 ↑ 2.61%
Render Render (RENDER) $4.18 ↑ 2.24%
GateToken GateToken (GT) $17.55 ↓ -0.89%
Worldcoin Worldcoin (WLD) $1.16 ↑ 0.55%
OFFICIAL TRUMP OFFICIAL TRUMP (TRUMP) $10.04 ↑ 0.18%
Sky Sky (SKY) $0.09 ↑ 8.83%
Sei Sei (SEI) $0.33 ↑ 2.95%
Cosmos Cosmos (ATOM) $4.70 ↑ 0.66%
Filecoin Filecoin (FIL) $2.64 ↑ 1.37%
Artificial Superintelligence Alliance Artificial Superintelligence Alliance (FET) $0.74 ↑ 1.74%
SPX6900 SPX6900 (SPX) $1.87 ↑ 3.20%
Jupiter Jupiter (JUP) $0.55 ↑ 0.29%
Story Story (IP) $5.45 ↑ 5.03%
Flare Flare (FLR) $0.02 ↓ -2.50%
KuCoin Token KuCoin Token (KCS) $11.98 ↓ -1.26%
Quant Quant (QNT) $121.44 ↑ 0.48%
First Digital USD First Digital USD (FDUSD) $1.00 ↓ -0.05%
Curve DAO Token Curve DAO Token (CRV) $1.04 ↑ 5.58%
XDC Network XDC Network (XDC) $0.09 ↑ 2.50%
Celestia Celestia (TIA) $1.94 ↑ 5.09%
Injective Injective (INJ) $13.99 ↑ 2.57%
Fartcoin Fartcoin (FARTCOIN) $1.35 ↓ -0.75%
Four Four (FORM) $3.43 ↓ -3.77%
Stacks Stacks (STX) $0.81 ↑ 1.84%
Optimism Optimism (OP) $0.72 ↑ 2.33%
FLOKI FLOKI (FLOKI) $0.00 ↑ 1.66%
dogwifhat dogwifhat (WIF) $1.07 ↑ 1.25%
Immutable Immutable (IMX) $0.56 ↑ 1.19%
Ethereum Name Service Ethereum Name Service (ENS) $28.53 ↓ -0.15%
The Graph The Graph (GRT) $0.10 ↑ 1.20%
Virtuals Protocol Virtuals Protocol (VIRTUAL) $1.56 ↓ -0.18%
Kaia Kaia (KAIA) $0.16 ↓ -1.13%
Lido DAO Lido DAO (LDO) $1.10 ↑ 1.55%
Pump.fun Pump.fun (PUMP) $0.00 ↓ -5.44%
Sonic Sonic (S) $0.33 ↑ 0.42%
Conflux Conflux (CFX) $0.19 ↑ 5.16%
PAX Gold PAX Gold (PAXG) $3,353.51 ↓ -0.64%
PancakeSwap PancakeSwap (CAKE) $2.71 ↑ 2.02%
Tezos Tezos (XTZ) $0.89 ↑ 0.30%
Vaulta Vaulta (A) $0.57 ↓ -0.77%
PayPal USD PayPal USD (PYUSD) $1.00 ↓ -0.03%
Theta Network Theta Network (THETA) $0.88 ↑ 0.71%
Nexo Nexo (NEXO) $1.32 ↓ -0.24%
JasmyCoin JasmyCoin (JASMY) $0.02 ↑ 0.51%
Tether Gold Tether Gold (XAUt) $3,343.97 ↓ -0.77%
IOTA IOTA (IOTA) $0.21 ↑ 1.86%
Raydium Raydium (RAY) $2.99 ↓ -2.95%
Gala Gala (GALA) $0.02 ↑ 1.31%
The Sandbox The Sandbox (SAND) $0.30 ↑ 1.15%
Aerodrome Finance Aerodrome Finance (AERO) $0.88 ↓ -1.52%
Pendle Pendle (PENDLE) $4.48 ↑ 2.93%
Pyth Network Pyth Network (PYTH) $0.13 ↑ 2.59%
Jito Jito (JTO) $1.97 ↓ -1.28%
Home News

Streamlining Bitcoin ETFs: How In-Kind Redemptions Could Transform IBIT

Jonathan Swift by Jonathan Swift
27 January 2025
in News, Business
Reading Time: 4 mins read
0
Streamlining Bitcoin ETFs: How In-Kind Redemptions Could Transform IBIT

According to the report, Nasdaq has filed a proposal with the U.S. Securities and Exchange Commission (SEC) to allow “in-kind” redemptions for BlackRock’s much-anticipated spot Bitcoin ETF, the iShares Bitcoin Trust (IBIT). This proposed amendment, if approved, will make the creation and redemption process for IBIT far more efficient, offering an alternative to cash transactions and potentially revolutionizing ETF operations.

22ccc

Table of Contents

Toggle
    • YOU MAY BE INTERESTED
    • Is Bull Season Back? MoonBull’s Best Crypto Whitelist Sparks Action as Turbo Gains and Pepe Retreats
    • BREAKING: OSL Group Secures $300M to Build the Future of Regulated Crypto in Asia
  • What Are ‘In-Kind’ Redemptions?
  • Simplifying the Process for Institutions
  • A Record of Success for BlackRock’s IBIT
  • The Bigger Picture: Liquidity, Tax Efficiency, and Market Impact
  • Conclusion: A Step Toward Maturity
    • FAQs

YOU MAY BE INTERESTED

image 659

Is Bull Season Back? MoonBull’s Best Crypto Whitelist Sparks Action as Turbo Gains and Pepe Retreats

25 July 2025
Hong Kong Crypto Regulation

BREAKING: OSL Group Secures $300M to Build the Future of Regulated Crypto in Asia

25 July 2025

What Are ‘In-Kind’ Redemptions?

In-kind redemptions refer to a process where authorized participants (typically large financial institutions) exchange ETF shares for underlying assets, like Bitcoin, instead of cash. By enabling this alternative mechanism, the iShares Bitcoin Trust would streamline the trading process and avoid complexities inherent in cash settlements.

Nasdaq’s filing states,

“The proposed in-kind transfer process will be an alternative to the Trust’s current cash creation and redemption process,”

Streamlining Bitcoin ETFs: How In-Kind Redemptions Could Transform IBIT

Highlighting its potential to enhance liquidity and efficiency for investors.

For individual investors, the change might not feel immediately tangible, but for institutional players and large financial entities, it’s a game-changer. Chris J. Terry, chief architect at Bitseeker Consulting, remarked,

“In-kind redemptions can minimize capital gains distributions, which would in turn benefit shareholders and boost tax efficiency.”

Simplifying the Process for Institutions

This amendment addresses some of the longstanding criticisms of ETFs in the crypto space. According to Bloomberg ETF analyst James Seyffart, allowing in-kind redemptions removes unnecessary complexity.

“The process of trading ETFs will become way more streamlined with fewer steps and fewer parties involved,” Seyffart noted in a recent post.

Seyffart also took aim at regulatory practices under former SEC Chair Gary Gensler, stating,

“In my opinion, the ETFs should have been allowed to do this from the get-go, but the Democratic SEC commissioners were against it.”

By simplifying the mechanism, Nasdaq and BlackRock aim to foster a smoother, more efficient marketplace for institutional investors, potentially attracting more inflows into the iShares Bitcoin Trust. The proposed framework not only benefits liquidity but also aligns the ETF with best practices seen in other asset classes.

Streamlining Bitcoin ETFs: How In-Kind Redemptions Could Transform IBIT

A Record of Success for BlackRock’s IBIT

BlackRock’s iShares Bitcoin Trust has already demonstrated its dominance in the Bitcoin ETF market. When it launched, IBIT quickly secured net inflows of $661.9 million on its first business day under President Trump’s administration, underscoring strong demand from institutional investors.

As of January 22, 2025, the fund’s Bitcoin holdings surged to 563,134 BTC, with a valuation of $55.6 billion based on current market prices. However, inflows have recently slowed, prompting efforts like this proposed amendment to maintain momentum.

SEC

Despite its success, the ETF’s performance reflects broader market trends. As the crypto industry matures, efficiency improvements like in-kind redemptions could help maintain IBIT’s competitive edge.

The Bigger Picture: Liquidity, Tax Efficiency, and Market Impact

By introducing in-kind transfers, BlackRock’s ETF is positioning itself as a pioneer in innovation. Liquidity is a crucial factor in the success of ETFs, and this change would reduce the need for cash reserves, thereby enhancing the ability of authorized participants to trade seamlessly.

Additionally, tax efficiency is a standout benefit. Capital gains distributions can be minimized through in-kind redemptions, reducing the tax burden on investors. This could make the iShares Bitcoin Trust a more attractive option compared to other Bitcoin investment vehicles.

Nasdaq’s proposal highlights the evolving landscape of cryptocurrency ETFs. As regulatory clarity improves and institutions embrace these products, the industry’s next chapter promises to be even more dynamic.

ADVERTISEMENT

Conclusion: A Step Toward Maturity

Nasdaq’s filing to allow in-kind redemptions for BlackRock’s Bitcoin ETF represents a pivotal step forward for the industry. By streamlining operations and enhancing efficiency, this amendment could solidify the iShares Bitcoin Trust as a benchmark product for institutional crypto investment.

While individual investors might not see immediate changes, the broader impact on liquidity, tax efficiency, and market accessibility is undeniable. If the SEC approves this proposal, it could pave the way for even more innovation in the rapidly evolving world of crypto ETFs.

Stay updated with Turkishnyradio as we’re available around the clock, providing you with updated information about the state of the crypto world.

FAQs

What are in-kind redemptions?

In-kind redemptions allow authorized participants to exchange ETF shares for underlying assets like Bitcoin, rather than cash. This process simplifies transactions and enhances efficiency.

How does this impact individual investors?

While individual investors may not notice direct changes, they could benefit indirectly from improved liquidity and potentially lower tax implications.

Why is tax efficiency important for ETFs?

Tax efficiency minimizes capital gains distributions, reducing the tax burden for shareholders and making the ETF more appealing.

What is the current value of BlackRock’s IBIT holdings?

As of January 22, 2025, BlackRock’s IBIT holdings are valued at approximately $55.6 billion, with a total of 563,134 BTC.

Tags: bitcoinNasdaqsec
Previous Post

Can Ethereum Overcome the $3,300 Barrier and Surge Higher

Next Post

Trump’s Strategic Crypto Move Boosts ETP Investments by $1.9 Billion

Jonathan Swift

Jonathan Swift

A crypto journalist with an understanding of blockchain technology. Skilled in simplifying complex topics for diverse audiences, from beginners to experts. Because I believe in words as they are the children of mind.

SIMILAR NEWS

image 659
Cryptocurrency

Is Bull Season Back? MoonBull’s Best Crypto Whitelist Sparks Action as Turbo Gains and Pepe Retreats

25 July 2025
Hong Kong Crypto Regulation
News

BREAKING: OSL Group Secures $300M to Build the Future of Regulated Crypto in Asia

25 July 2025
image 634
Cryptocurrency

LOFI’s Run Is Over – Is MoonBull the Next Top Meme Coin to Watch? 

25 July 2025

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
DMCA
PROTECTED

Categories

  • Business
  • Cryptocurrency
  • Economy
  • en
  • News
  • Politics
  • World

Recent Posts

  • Is Bull Season Back? MoonBull’s Best Crypto Whitelist Sparks Action as Turbo Gains and Pepe Retreats
  • BREAKING: OSL Group Secures $300M to Build the Future of Regulated Crypto in Asia
  • LOFI’s Run Is Over – Is MoonBull the Next Top Meme Coin to Watch? 
  • AVAX Breakout Incoming? Analysts See $40 Target as Shiba and UNI Stall
  • Troller Cat Rockets 1833%: Best New Meme Coins to Buy Today as Shiba Inu and Neiro Pull Back

Site Navigation

  • Home
  • About Us
  • Terms and Conditions
  • Privacy Policy
  • Disclaimer
  • Contact

TurkishNY Radio

Banner 1
Banner 2
No Result
View All Result
  • Home
  • Cryptocurrency
  • Business
  • Economy
  • tr Türkçe
  • en English

  • English