IBIT flips to in-kind creations: what it means for spreads, taxes and flows
The largest Bitcoin ETF in the world has just revamped its process for moving coins in and out of the fund. BlackRock’s IBIT, which has accrued more than $20 billion since launch, can now process creations and redemptions “in kind.” The SEC’s approval order quietly flipped the switch: IBIT’s authorized participants can now swap Bitcoin…
