纳斯达克文件允许实现贝莱德比特币信任（IBIT）的实物创建和赎回

该过程允许称为授权参与者（AP）的大型机构投资者将基金的股票直接购买并兑换给比特币（BTC）。

The U.S. Securities and Exchange Commission (SEC) has received a proposed rule change from Nasdaq to permit in-kind creation and redemption for the BlackRock iShares Bitcoin Trust (IBIT), according to a Friday filing.

根据星期五的文件，美国证券交易委员会（SEC）已收到纳斯达克的拟议规则更改，以允许创建和赎回黑人伊斯省比特币信托基金（IBIT）。

The process allows large institutional investors, known as authorized participants (APs), to buy and redeem shares of the fund directly into bitcoin (BTC). It is considered to be more efficient as it allows APs to closely monitor the demand for the ETF and to act fast by buying or selling shares of the fund without cash being involved in the process. Retail investors are not eligible to participate.

该过程允许大型机构投资者（称为授权参与者）直接购买和兑换该基金股票为比特币（BTC）。它被认为更有效，因为它允许APS密切监视对ETF的需求，并通过购买或出售该基金的股票而无需参与该流程的基金股票来快速行动。散户投资者没有资格参加。

When the SEC first approved spot bitcoin ETFs including IBIT in January, the agency allowed the funds to launch with cash redemption, instead of bitcoin.

当SEC在一月份首次批准了包括IBIT在内的现货比特币ETF时，该机构允许资金以现金赎回而不是比特币启动。

"It should have been approved in the first place but Gensler/Crenshaw didn't want to allow it for a whole host of reasons they gave," Bloomberg Intelligence ETF analyst James Seyffart noted on X. "Mainly [they] didn't want brokers touching actual Bitcoin."

彭博社智能ETF分析师詹姆斯·塞耶法特（James Seyffart）在X上指出：“它应该首先获得批准，但Gensler/Crenshaw不想允许它。”经纪人触摸实际比特币。”

BlackRock's IBIT is the largest spot BTC ETF on the market, attracting nearly $40 billion of inflows in its first year, making it the most successful ETF debut ever.

BlackRock的IBIT是市场上最大的BTC ETF，在第一年吸引了近400亿美元的流入，使其成为有史以来最成功的ETF首次亮相。