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:black::rock: BlackRock files to allow in-kind creations and redemptions for its spot Bitcoin ETF. However, only the Authorized Participants (institutions) will be able to do this.

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fun.relaxed.happy.satisfied · 56w

Lol

Robertrobert · 56w

One by one each individual/entity/country bends the knee to bitcoin. It’s in their own best interest to do so! Once they realizes it others mimic and follow. Beautiful to watch.

Zynth · 56w

I guess this could be a way for governments to move seized BTC and similar "unintentional holders" away from self custody while still keeping the exposure. Seems very odd, so likely purpose built for some very specific use cases there is behind the scenes needs for.

ButtercupRoberts · 56w

What does “in kind creation and redemption” mean regarding its fake #bitcoin?

LNJorge · 56w

Yes sure had to be that way

Neo · 56w

Institutions can change the rules anytime. Bitcoin rules remains the same.🎯

Bellator Vult · 56w

So the 'chosen ones' by BlackRock can dedollarize and credit their assets outside the conventional system? Here, I can indulge in aluminum hat speculation and theories about the dollar, or we can simply look at what the 'elites' are really doing.

Godzilla Baby · 56w

BlackRock, I really wish you would keep your nefarious hands off Bitcoin.

Mercedes · 56w

I can't believe this shit 🧡⚡. Sorry

Evu ❤️ · 56w

:0🤑

Kerbouchard · 56w

I wouldn’t be surprised if Microstrategy eventually did this as well.

Mercedes · 56w

Thank you ⚡🧡