President of The ETF Store: Physical redemptions of IBITs should be allowed from the beginning
Nate Geraci, President of The ETF Store, stated that the approval of IBIT's physical purchase and redemption applications is not the biggest news, as it should have been allowed from the beginning. He believes that the current use of cash for subscription and redemption is "ridiculous".
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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