IBIT’s Hidden Advantage: How In-Kind Redemptions Could Change the Game This Year

The iShares Bitcoin Trust ETF (NASDAQ:IBIT) trades around $42 today, down roughly 30% over the past year as Bitcoin itself has fallen from above $108,000 last May to about $75,800. IBIT is the largest spot Bitcoin ETF in the US, and with the 10-year Treasury yield sitting at 4.6%, near a 12-month high, the case ... IBIT’s Hidden Advantage: How In-Kind Redemptions Could Change the Game This Year