• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

BlackRock and Coinbase: Improving Bitcoin ETF

user avatar

by Giorgi Kostiuk

a year ago

  1. The Story of Bitcoin ETF and BlackRock
  2. Resolving the Coinbase Situation
  3. Expert Comments


    4. BlackRock, managing $9.1 trillion in assets, has recently been under the spotlight due to its Bitcoin ETF and collaboration with Coinbase.

    The Story of Bitcoin ETF and BlackRock

    BlackRock has long been a magnet for conspiracy theorists, especially following the recent release of its Bitcoin ETF. Social media posts claimed that BlackRock forced Coinbase to deposit Bitcoin directly on-chain after suspecting the sale of 'paper BTC' to ETF issuers.

    Resolving the Coinbase Situation

    Eric Balchunas, senior ETF analyst for Bloomberg, clarified that BlackRock simply needed to reconcile the data on its end. The financial giant runs its own blockchain node, validating coins held by IBIT by pulling the balances from their addresses on Coinbase Prime, the institutional brokerage arm of the largest US exchange. This data can be shown to institutional clients upon request but is not publicly available due to spam concerns.

    Expert Comments

    Eric Balchunas noted that BlackRock's operations are far from amateurish: the company manages around 500 ETFs storing holdings with custodians and has been doing this for decades without a hitch. Adam Cochran, partner at Cinneamhain Ventures, explained that BlackRock and Coinbase’s collaboration to push competitive settlement timelines for commodity ETPs is a positive development for the market.

    The collaboration between BlackRock and Coinbase aims to improve the reliability and transparency of Bitcoin ETFs, as supported by expert comments.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Catastrophic Phishing Attack on Trezor Users Results in Massive Losses

chest

A catastrophic phishing attack on Trezor users on January 16, 2025, resulted in the theft of approximately 1,459 BTC and 205 million LTC, exposing critical vulnerabilities in user security practices.

user avatarAyman Ben Youssef

Crypto Losses Reach 400 Million in January 2025 Amidst Alarming Hacks

chest

In January 2025, crypto losses reached 400 million due to hacks, highlighting critical vulnerabilities in the blockchain industry.

user avatarTando Nkube

Federal Reserve and European Central Bank Communications

chest

This week, the Federal Reserve and European Central Bank are set to be highly active in their communications, which could have significant implications for global markets.

user avatarKofi Adjeman

Geopolitical Tensions Add to Silver Market Volatility

chest

Geopolitical risks have heightened volatility in the silver market, overshadowing its role as a safe-haven asset.

user avatarSatoshi Nakamura

US Inflation Data Adds Pressure on Purchasing Power

chest

Recent US inflation data shows rising producer prices, adding pressure to purchasing power and influencing global investor sentiment.

user avatarNguyen Van Long

Ethereum Set for Glamsterdam Fork in March 2026

chest

Ethereum is set for a significant upgrade with the Glamsterdam fork in March 2026.

user avatarJesper Sørensen

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.