Nasdaq has submitted a groundbreaking proposal to the U.S. Securities and Exchange Commission (SEC) that could transform the operational framework of Bitcoin exchange-traded funds (ETFs). The proposal, focused on BlackRock’s iShares Bitcoin Trust (IBIT), seeks to introduce “in-kind” bitcoin redemptions, offering a streamlined and cost-effective alternative to the current cash redemption process.

JUST IN: BlackRock files to allow in-kind creations and redemptions for its spot Bitcoin ETF! pic.twitter.com/SSigX4utRG

— Bitcoin Magazine (@BitcoinMagazine) January 24, 2025

What Are In-Kind Redemptions?

Under the proposed system, institutional players known as authorized participants…

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MicroStrategy has made a significant move in the cryptocurrency market by acquiring an additional 10,107 Bitcoin at an average price of approximately $105,596 per Bitcoin. This investment cost the company around $1.1 billion and it now holds a staggering total of 471,107 Bitcoins. Their average purchase price for these Bitcoins was about $64,511 each resulting in a massive investment of approximately $30.4 billion.

The recent acquisition has successfully enhanced the company’s Bitcoin yield to 2.90% for the year-to-date in 2025. This indicates a strategic achievement in increasing the return from their Bitcoin holdings over this period.

With this latest acquisition MicroStrategy continues to solidify its position as a major player in the cryptocurrency space further betting on the long-term value of Bitcoin. The company’s aggressive investment strategy in Bitcoin underscores its belief in the cryptocurrency as a significant asset for its financial future.

Bitpanda has successfully obtained a markets in crypto assets license from the German Federal Financial Supervisory Authority enabling it to operate across all 27 European Union nations. The license marks a significant step for the Austria-based exchange which boasts six million users as of December. With this new authorization Bitpanda aims to accelerate its expansion and increase its user base significantly.

CEO and co-founder Eric Demuth highlighted the importance of this achievement stating the milestone will allow the company to offer easy and safe investing to over 450 million people. He expressed confidence in Bitpanda’s potential to dominate the market thanks to this new growth avenue.

Other companies like Boerse Stuttgart Digital MoonPay BitStaete ZBD and Hidden Road have also secured their MiCA licenses from BaFin. Bitpanda joins these ranks setting the stage for a broader and more robust crypto market presence within the EU.