Replying to Avatar Stuart

I have no experience w/ ETFs but #BlackRock ‘s #Bitcoin application has peeked my interest so I’m reading thru it’s application.

First take away: “No Shares are issued unless the Bitcoin Custodian or Prime Broker has allocated to the Trust’s account the corresponding amount of bitcoin”
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Stuart 2y ago

The Trust is a Delaware statutory trust.

The Trust issues Shares representing fractional undivided beneficial interests in its net assets.

The assets of the Trust consist primarily of #Bitcoin held by a custodian

Coinbase Custody Trust Company LLC (the “Bitcoin Custodian”) is the custodian for the Trust’s bitcoin holdings

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