BlackRock has updated its custody agreement with Coinbase for its iShares Bitcoin Trust ETF, requiring 12-hour withdrawals amid debt rumors. The changes aim to improve asset management during unsettled trades by shortening withdrawal processing times and offering flexibility in managing assets. The amendment allows the Trust to withdraw bitcoin to public blockchain addresses, provided that an equivalent amount of unpaid Trade Credit remains in the balances. These adjustments reflect BlackRock's efforts to enhance the operational framework of its ETF, ensuring timely asset movements for institutional investors. The amendment also addresses recent allegations against Coinbase, emphasizing the importance of regulatory compliance and transparent operations. Additionally, the article mentions partnerships, regulatory challenges, and recent BTC purchases by a company led by Michael Saylor. Overall, the updates aim to streamline withdrawal processes, enhance asset availability, and address regulatory expectations in the crypto industry. Read more AI-generated news on: https://app.chaingpt.org/news