đ BlackRock's Bitcoin ETF: New Rules, Same Fun! đ
- BlackRock, the world's largest asset manager, just filed an amendment for its Bitcoin ETF, demanding Coinbase process BTC withdrawals within 12 hours. â°
- This move comes after investors voiced concerns over Coinbase's onchain settlement practices.
- Coinbase CEO Brian Armstrong assures all transactions are settled onchain, despite not sharing all ETF addresses publicly.
- Analysts believe native Bitcoin holders, not ETFs, are behind BTC's recent price slump.
- Despite the drama, Bitcoin ETFs have amassed over $59.2 billion in onchain holdings since January. đž
Stay tuned for more crypto capers!
