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Cryptopolitan 2023-12-19 08:30:14

BlackRock opts for cash-only redemptions in Bitcoin ETF application

In a significant development, BlackRock, one of the world’s largest asset managers, has made a pivotal adjustment to its Bitcoin exchange-traded fund (ETF) application. The company has decided to embrace ‘cash creations’ for fund redemptions, aligning itself with the stance of US financial regulators. This move marks a crucial step towards approving BlackRock’s Bitcoin ETF,

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