Michael Leonardi

Michael Leonardi's avatar
Michael Leonardi
michaelleo@NostrVerified.com
npub1x3yz...t5gr
Bitcoiner
Blackrock requesting in-Kind redemption on its #Bitcoin ETF is another huge catalyst for #Bitcoin. Currently moving out of the ETF is cash and a taxable event. In-Kind would allow authorized participants to take position of the Bitcoin…mostly banks. Couple that with repeal of SAB 121 allowing banks to custody Bitcoin and you have FAR less friction which will attract more capital to #Bitcoin. SELF CUSTODY is still preferred but this opens up options such as Bitcoin lending with low interest rates, LOC on ETFs, etc for those wanting it. This is BULLISH people.
Cointelegraph
Nasdaq seeks amendment to BlackRock’s Bitcoin ETF for in-kind redemptions
BlackRock has filed to allow in-kind creation and redemption on its spot Bitcoin exchange-traded fund (ETF), which an ETF analyst said should have ...
Politics 🤢🤮 but it’s a reality and the recent ending of SAB 121 will be HUGE for #Bitcoin in 2025 as it will allow banks to custody. Self custody #Bitcoin is preferred but banks being allowed to custody will be the gateway for people to gain exposure to #Bitcoin. Collateralized Bitcoin loans with reasonable interest rates will also be the result. It will be interesting to watch.
With all the noise, it can be easy to forget that #Bitcoin is a blessing. It's emergence has gifted us permissionless, stateless sound money. If you are reading this, you know about #Bitcoin which puts you in truly rare company. Be grateful...I am. image I am.