Bitcoin

<a href="https://optimisus.com/market/market-news/the-sec-approves-options-trading-for-blackrocks-bitcoin-etf-with-strict-oversight/" rel="noopener noreferrer nofollow">BlackRock, the global asset management firm</a>, has submitted an update for its Bitcoin ETF (IBIT) in response to apprehensions regarding Coinbase&#39;s custodial methods.Investors have expressed concerns regarding the transparency of Coinbase&#39;s management of Bitcoin, leading to requests for on-chain verification that all ETF-related transactions are accurately resolved.BlackRock demanded that Bitcoin withdrawals from <a href="https://optimisus.com/news/crypto-news/coinbase-and-the-sec-face-off-in-court-as-the-crypto-exchange-demands-clearer-regulations/" rel="noopener noreferrer nofollow">Coinbase</a> be executed within 12 hours, citing apprehensions around the utilization of &#34;paper BTC&#34; or Bitcoin IOUs. Coinbase CEO Brian Armstrong informed investors that all ETF-related transactions are executed on-chain within one business day.Notwithstanding substantial inflows into Bitcoin ETFs, Bitcoin&#39;s price has stayed unchanged, prompting speculation that Coinbase may be conducting ETF-related Bitcoin transactions off-chain, so influencing the price. Nonetheless, Armstrong and other industry leaders have emphasized that all transactions are conducted transparently on-chain.BlackRock&#39;s plan to amend its ETF framework seeks to improve liquidity and increase operational transparency. Coinbase&#39;s pivotal position in offering custody services for the majority of Bitcoin and Ethereum ETFs has elicited apprehensions regarding its dominance and possible security vulnerabilities.Notwithstanding these issues, Coinbase continues to be a significant participant in institutional Bitcoin investing, commanding a considerable share of the US spot trading market.

BlackRock seeks to amend its Bitcoin ETF

Optimisus

2024년 9월 24일에 게재된 다른 기사

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