JPMorgan’s IBIT Bitcoin ETF bet just missed its escape hatch to avoid 6% deduction
etf
JPMorgan’s IBIT ETF narrowly failed to meet the criteria for an in-kind redemption “escape hatch” and consequently faced a 6% deduction on a recent redemption, according to reports. The missed window forced the fund to absorb higher costs and likely increased selling pressure tied to that outflow. The incident highlights how ETF redemption mechanics and operational frictions can meaningfully affect Bitcoin liquidity and investor returns.
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