edouard on Nostr: I guess in kind means the market maker of the etf (the ones that post bid and offers ...

I guess in kind means the market maker of the etf (the ones that post bid and offers continuously during the day and have the right to redeem shared of the funds at eod) receive bitcoin when they redeem. While in cash would mean they would receive cash based on a bitcoin price (i don’t know what they would use as ref, risk of manipulation). In kind is the obvious reasonable thing