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The Integration of Crypto and TradFi

The Breakdown

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Proposed Creation and Redemption Mechanisms for Bitcoin ETFs

This chapter explores the proposal of a novel creation and redemption process for Bitcoin ETFs in the US, comparing in-kind mechanisms with cash mechanisms and the need for a hybrid model to accommodate large market makers. It also discusses Blackrock's claim that their proposed hybrid model offers resistance to market manipulation and simplicity in the crypto ecosystem.

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