Bitcoin Price Prediction: As Nasdaq Files For In-kind Redemptions For BlackRock Bitcoin ETF, Exp...

2025-01-25 15:35:30

Abstract generation in progress

The Bitcoin price has climbed 1.5% in the last 24 hours to trade at $104,653 as of 8 p.m. EST on a 50% slump in trading volume to $47 billion.

This comes as Nasdaq filed a request to the Securities and Exchange Commission to allow it to make in-kind redemptions for BlackRock’s iShares Bitcoin Trust (IBIT).

JUST IN: BlackRock's Bitcoin ETF now allows in-kind redemption, enabling investors to exchange their shares for actual Bitcoin instead of cash. pic.twitter.com/3zeKqZj2Bp

— Michael Saylor ⚡

BTC3.42%

REQ2.27%

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