BlackRock Bitcoin ETF Demands 12-hour BTC Withdrawals From Coinbase
Blackrock Wrote In The Filing:
“Subject to confirmation of the foregoing required minimum balance, Coinbase Custody shall process a withdrawal of Digital Assets from the Custodial Account to a public blockchain address within 12 hours of obtaining an Instruction from Client or Client’s Authorized Representatives.”
BlackRock’s new amendment follows widespread industry concerns about Coinbase’s ETF custodial practices. Increasingly, investors have been asking Coinbase to provide onchain proof of the Bitcoin bought on behalf of the spot ETFs.
Remainder Of The Article: Ultimate Resource For A Spot And/or Futures Bitcoin ETF: https://dpl-surveillance-equipment.com/economics-and-finance/ultimate-resource-for-a-spot-and-or-futures-bitcoin-etf-gotbitcoin/