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BlackRock Bends The Knee on In-Kind Redemptions, Clearing ETF Approval Path

The Breakdown

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Introduction

This chapter discusses the start of the marketing battle for Bitcoin ETFs, with Bitwise firing the starting gun using a meme ad. It explores how asset managers will differentiate their products, the expected mass approval of Bitcoin ETFs, and mentions BlackRock's change in creation and redemption mechanism for their spot Bitcoin ETF.

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