BlackRock的比特幣ETF（IBIT）提交了SEC申請，以允許BTC實行轉移，從而簡化了授權參與者的過程

在提交美國證券交易委員會提交的文件中，納斯達克代表貝萊德（BlackRock）提議修改Ishares比特幣（BTC）信託基金的初步提案中提出的某些條件，該條件“允許對信託比特幣進行實物轉讓”。

Nasdaq has submitted a filing to the U.S. Securities and Exchange Commission (SEC) to simplify the process for authorized participants to exchange Bitcoin ETF shares for underlying assets, such as Bitcoin. This move is expected to enhance the efficiency of ETF trading and benefit investors.

納斯達克已向美國證券交易委員會（SEC）提交了提交文件，以簡化授權參與者以將比特幣ETF股票（例如比特幣）交換的流程。這一舉動有望提高ETF交易的效率並使投資者受益。

Nasdaq, on behalf of BlackRock, has proposed an amendment to certain conditions in the initial proposal for the iShares Bitcoin (BTC) Trust (NYSE:IBIT) to "allow for in-kind transfers of the Trust's Bitcoin."

納斯達克代表貝萊德（BlackRock）提出了對iShares比特幣（BTC）信託（NYSE：IBIT）的初步提案中某些條件的修正案，以“允許對信託比特幣進行實現轉移”。

According to the filing, the proposed in-kind transfer process will serve as an alternative to the Trust's current cash creation and redemption process.

根據文件，擬議的實物轉移過程將作為信託當前現金創造和贖回過程的替代方案。

"The Trust will be permitted to engage in in-kind creations and redemptions of the Trust's وحدات الاستثمار المتداولة in large-籃 كرة السلة وحدات الاستثمار المتداولة creations and redemptions, subject to the conditions set forth below," Nasdaq wrote in the document.

“信託基金將對大型籃球議會Q在醫生中寫道的信託基金投資單位的實物創造和贖回。

If the amendment is approved, then IBIT investors that fall under the category of Authorized Participants will be able to exchange ETF shares for underlying assets instead of cash. These underlying assets can also include Bitcoin among others. Authorized participants are typically large corporations, not individual shareholders. In-kind redemption helps to maintain the ETF's liquidity as it simplifies the process.

如果修正案獲得批准，則屬於授權參與者類別的IBIT投資者將能夠將ETF股票交換為基礎資產而不是現金。這些基本資產也可以包括比特幣。授權參與者通常是大公司，而不是個人股東。實物贖回有助於維持ETF的流動性，因為它簡化了過程。

Bloomberg ETF analyst James Seyffart explained in a recent post that the process of trading ETFs will become more efficient because it is "way more streamlined with less steps and less parties involved." He also takes a jab at the SEC when it operated under Gary Gensler for enforcing on-cash redemptions due to regulatory preferences.

彭博ETF分析師詹姆斯·塞法特（James Seyffart）在最近的一篇文章中解釋說，交易ETF的過程將變得更加有效，因為它“以較少的步驟和少於涉及的政黨更加精簡”。當它在加里·蓋斯勒（Gary Gensler）的帶領下運作時，他還在SEC戳了一個戳刺，以實施由於監管偏好而進行現金贖回。

"In my opinion the ETFs should have been allowed to do this from the get-go but the Dem [Democratic] SEC commissioners were against it," Seyffart added.

Seyffart補充說：“在我看來，應該允許ETF從一開始就可以做到這一點，但是DEM [民主] SEC專員反對它。”

While this change may not be particularly impactful for individual investors, it does stand to benefit IBIT's investors a great deal. Aside from liquidity, Bitseeker Consulting chief architect Chris J. Terry said that in-kind redemptions can play a major role in tax efficiency.

儘管這種變化可能對個人投資者的影響並不特別影響，但確實可以使IBIT投資者受益匪淺。除流動性外，Bitseeker諮詢公司首席建築師Chris J. Terry表示，實物贖回可以在稅收效率中發揮重要作用。

"In-kind redemptions can be used to minimize capital gains distributions from ETFs, which can benefit long-term investors," Terry noted.

特里指出：“實物兌換可用於最大程度地減少ETF的資本收益分配，這可以使長期投資者受益。”

As previously reported by crypto.news, BlackRock's IBIT ETF emerged on top out of the 12 Bitcoin ETFs with net inflows of $661.9 million on the first business day of Trump's presidency. However, it has experienced a slowdown in inflows throughout the past week.

正如Crypto.news先前報導的那樣，BlackRock的IBIT ETF在12個比特幣ETF中出現了，在特朗普總統任期的第一營業日，淨流入淨額為6.619億美元。但是，在過去一周中，流入量的放緩。

On Jan. 22, BlackRock's IBIT added 6,470 BTC to its holdings, bringing the total to 563,134 BTC. BlackRock's IBIT Bitcoin holdings are currently valued at $55.6 billion, based on current market prices.

1月22日，BlackRock的IBIT在其持股中增加了6,470 BTC，使總數達到563,134 BTC。根據當前的市場價格，貝萊德的IBIT比特幣持有目前的價值為556億美元。