BlackRock Maintains Current Crypto Custody with Coinbase for ETF

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. Procedural Changes in Crypto Custody
  2. IBIT Bitcoin ETF and BlackRock's Partnership with Coinbase
  3. Efficient Asset Management for Bitcoin ETFs


    4. BlackRock's Head of Digital Assets, Robbie Mitchnick, stated in an interview with Bloomberg that there have been no significant changes to the company’s crypto custody arrangement with Coinbase for its IBIT spot Bitcoin ETF.

    Procedural Changes in Crypto Custody

    BlackRock made slight adjustments to its custody agreement with Coinbase, one of the leading cryptocurrency custody providers in the industry. The most notable change involves the requirement for Coinbase Custody to facilitate the withdrawal of cryptocurrency assets to a public blockchain address within 12 hours of receiving a directive. This procedural enhancement ensures high standards of efficiency and security for IBIT Bitcoin ETF.

    These changes are part of routine updates rather than a shift in custody strategy.Robbie Mitchnick

    IBIT Bitcoin ETF and BlackRock's Partnership with Coinbase

    IBIT spot Bitcoin ETF is one of BlackRock’s most closely watched products, offering institutional and retail investors exposure to Bitcoin through a regulated ETF structure. Coinbase Custody serves as the primary custodian for the ETF’s Bitcoin holdings, ensuring that assets are stored securely and processed efficiently when required. The recent amendment to the custody agreement highlights BlackRock’s commitment to maintaining robust asset management practices while collaborating with leading crypto infrastructure providers like Coinbase.

    Efficient Asset Management for Bitcoin ETFs

    By requiring 12-hour processing times for withdrawals, BlackRock ensures that the IBIT ETF can operate efficiently within the Bitcoin market, providing the necessary liquidity and flexibility for its clients. The procedural updates made to the custody agreement reflect a focus on security, speed, and transparency in handling crypto assets. This development comes as cryptocurrency ETFs continue to gain traction, and ensuring secure custody arrangements remains a critical component of their success.

    Despite minor procedural updates, BlackRock’s Head of Digital Assets confirmed that there have been no major changes in the company’s crypto custody arrangement with Coinbase for the IBIT spot Bitcoin ETF. The 12-hour withdrawal requirement is part of BlackRock’s broader efforts to ensure efficient asset management while maintaining high standards in crypto custody.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Justin Sun Prize Launched to Transform Scientific Research

chest

The Justin Sun Prize has been established to redefine scientific rewards in the AI era, offering up to $1 million for breakthroughs in fundamental disciplines and machine formal verification.

user avatarKenji Takahashi

bdautomated Releases Verified AI Agent Statistics for 2026

chest

bdautomated releases a comprehensive dataset on AI agent statistics for 2026, tracing 75 widely quoted figures back to their original sources.

user avatarMaria Fernandez

Korea Blockchain Week 2026 Announces Key Sponsors and Speakers

chest

Korea Blockchain Week 2026 has unveiled its partner lineup, featuring major players in the digital asset industry, including Upbit, 0G, BRV, Stable, Tria, and BitGo. The event will take place in Seoul from September 29 to October 1, 2026, and will host key speakers discussing significant shifts in the digital asset industry.

user avatarGustavo Mendoza

Morgan Stanley's Bitcoin Accumulation Boosts Market Confidence

chest

Morgan Stanley has been actively accumulating Bitcoin through the ETF route, amassing approximately 622 million worth of the cryptocurrency this month.

user avatarRajesh Kumar

Microsoft Opens Public Feedback for AI Code of Conduct

chest

Microsoft is inviting public feedback on its draft Code of Conduct for AI models until late October, aiming to refine guidelines before finalizing them for 2027.

user avatarLuis Flores

Microsoft AI Releases Draft Code of Conduct for AI Models

chest

Microsoft AI has published a draft Code of Conduct outlining the expected behavior and limitations of its AI models, inviting public feedback for six weeks.

user avatarMiguel Rodriguez

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.