SEC Commissioner @HesterPeirce hints that in-kind redemptions may be coming to Bitcoin spot ETFs in 2025.
This means you could buy the ETF with cash and withdraw Bitcoin to your self custody wallet.
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@HODL this is interesting. Wonder if there’d ever be a world 10-20 years down the road for $MSTR in kind withdrawal.
Should have been MANDATORY for regulatory approval in the first place. For sure, this will rek Blackrock.
Whoever doesnt have the Bitcoin would be exposed. Proof of keys day everyone pull btc from etfs on same day. See who is naked.
I see this constantly on my brokerage account (tastytrade). They sell Bitcoin and you can drain it right off your account into your own wallet. But Bitcoin disappears occasionally .. because they're honest. They don't have any left !
Then when the price drops .. Bitcoin reappears in the menu list.
I put $50 on there a year ago just for fun. I think I'm up 200% or something. LOL.