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Bitcoin In-Kind update

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So as you are all aware Blackrock filed for in-kind distributions and redemptions a few weeks ago. Just like the Bitcoin ETF's, Blackrock is almost always first but it does appear as though other players are lining up to do the same exact thing. I have a contact at Fidelity who just informed me today they are looking to do this ASAP as well. I think redemptions, contributions, and distributions in the tradfi world will REALLY greatly affect the price as it becomes more connected to the tradfi space(yes, I know some people have issues with this). But imagine folks who want investment coverage SIPC or peace of mind that may feel more comfortable putting it into custody if they know they are able to pull out exactly what they put in or vice versa. It really could further legitimize the asset class to people that are not deep in the rabbit hole. Assuming this is a couple months away it will have more investment advisors asking the question to their clients about crypto as they will want to collect more assets for their firm. They will be incentivized to hunt for these assets. The more people discussing it the better, in fact the investment advisor may become a good bridge on why people should hold it....and if they bring it up to their clients it will get the clients to think about BTC more or at least consider it after being asked if they own any(they will be asked because advisors want to know the whole picture and understand what's on the table to acquire for their firm). This could be huge!

submitted by /u/Fantastic-Line-2022
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