BlackRock’s Bitcoin ETF Ticker IBIT Confirmed, Shifts Toward Cash Redemption Model

Source: DALL·E BlackRock’s proposed spot Bitcoin exchange-traded fund (ETF) has been officially assigned the ticker IBIT, according to an S-1 filing amendment with the Securities and Exchange Commission (SEC). The filing also indicated that BlackRock would adopt a cash redemption model for its Bitcoin ETF. Initially open to the possibility of an “in-kind” redemption, the The post BlackRock’s Bitcoin ETF Ticker IBIT Confirmed, Shifts Toward Cash Redemption Model appeared first on Cryptonews .