Research analysts covering Grayscale Bitcoin Mini Trust ETF.
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Grayscale Bitcoin Mini Trust ETF Implements In-Kind Creation and Redemption Process
BTC
Regulatory Approval
New Projects/Investments
- Grayscale Bitcoin Mini Trust ETF has amended Participant Agreements with Jane Street Capital, LLC and Virtu Americas LLC to allow for in-kind creations and redemptions.
- This change follows SEC regulatory approval for crypto-based exchange-traded products listed on NYSE Arca, permitting in-kind transactions.
- The Trust will now offer an in-kind creation and redemption process as an alternative to its existing cash-based process.
- The U.S. federal income tax treatment of digital assets remains uncertain, with beneficial owners treated as owning an undivided interest in the Trust's Bitcoin for tax purposes.
10 hours ago
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