Replying to Avatar Derek Ross

BlackRock has amended their Bitcoin ETF agreement with Coinbase to require Coinbase to allow withdrawals within 12 hours. This amendment helps BlackRock improve liquidity and helps verify that Coinbase actually has used BlackRock funds to purchase bitcoin.

If only there was another easy way to do this... You know, such as publishing a publicly verifiable bitcoin address!

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MTozoni ⚡😺 1y ago

We had the concept of provable reserves for years. Kraken uses it.

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Derek Ross 1y ago

i believe only one ETF does this. - Bitwise.

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