BlackRock recently submitted an application to the Securities and Exchange Commission for a Bitcoin ETF.
While some may assume that this ETF will resemble the Grayscale Bitcoin Trust (GBTC), there are notable distinctions between the two products.
BlackRock’s iShares Trust Vs. GBTC
BlackRock’s iShares product, technically classified as a trust, offers redemptions similar to an ETF, unlike GBTC.
Noelle Acheson clarifies that the market may mistakenly associate “trust” with GBTC’s lack of redemption options, but this is not true for BlackRock’s offering.
The key disparity between a BTC ETF and a trust lies in the ETF’s ability to purchase bitcoin at the end of the trading day to align the fund’s assets with its trading price.
On the other hand, a trust operates with a fixed portfolio and lacks the flexibility to adjust its holdings.
Consequently, trusts often trade at varying premiums or discounts compared to the value of their underlying assets.
Grayscale’s Argument A
We współpracy z: https://bitcoinist.com/experts-point-out-key-differences-between-blackrock/
