BlackRock takes action! Modify the Coinbase custody agreement, withdrawals will take effect within 12 hours, and ETF operations will be more transparent?
BlackRock has just made an operation on the custody agreement with Coinbase - the time for withdrawals from Vault to blockchain has been shortened to 12 hours! The reason behind this is not simple: is it to optimize the ETF operation process, or to respond to market rumors? Some people question that Coinbase did not actually buy Bitcoin with BlackRock funds, but played the trick of "debt letter"! This agreement update may be to respond to these rumors and make major adjustments to market transparency directly.
Make no mistake, this is not just a change at the technical level, but a new round of rule game in the ETF market! Next, will the Bitcoin market set off waves due to the acceleration of capital flow? Keep an eye on this wave of operations and watch Lao Chen take you into the next market storm!
