彭博分析師證實黑石集團運行自有比特幣節點驗證ETF持有份額

彭博分析師證實黑石集團運行自有比特幣節點驗證ETF持有份額
彭博分析師證實黑石集團運行自有比特幣節點驗證ETF持有份額

BlackRock’s Bitcoin ETF has recently come under scrutiny due to claims that the firm may have pressured Coinbase to ensure all Bitcoin holdings are fully on-chain.
This development has sparked significant attention from crypto community members. Consequently, Eric Balchunas, a senior ETF analyst at Bloomberg, has
shared
insights into the matter.
BlackRock Avoiding “Paper BTC” Concerns
Balchunas confirmed that BlackRock operates its own blockchain node and retrieves Bitcoin balances from its wallet addresses on Coinbase Prime each night to validate the Bitcoin held by its IBIT ETF.
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He mentioned that while they are willing to share this information with institutional clients upon request, they won’t publish it publicly due to the risk of increased spam, which they already receive in significant volumes.
Accordingly, Balchunas emphasized that this move is standard practice for
BlackRock
, which has a long history of managing ETFs across various asset classes. He noted that the firm’s actions reflect its commitment to operational transparency amid growing concerns about “paper BTC.”
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By implementing these verification measures, BlackRock aims to address concerns about fake or unverified Bitcoin holdings by ETFs. Essentially, the diligence highlights BlackRock’s desire to maintain institutional trust.
Reactions from the Community
The crypto community has reacted strongly to Balchunas’ clarification, with some expressing skepticism about the need for BlackRock to validate its Bitcoin holdings.
Notably, a prominent commentator pointed out that Bitcoin’s blockchain is already public, meaning BlackRock’s holdings could be verified through available public tools. However, concerns about the issuance of “paper BTC” remain central to the debate. Some believe that BlackRock’s move to run a blockchain node was intended to alleviate these fears.
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Despite these assurances, there has been a noticeable
flattening in Bitcoin inflows
into the BlackRock ETF. After August 2024, inflows have seen a significant decline, with multiple days showing zero or minimal inflows.
This slowing momentum raises questions about the current level of institutional interest in Bitcoin investments through ETFs.
ETF Option Approval by SEC
Just days before these developments, the SEC had
approved
BlackRock’s Bitcoin ETF options listing on Nasdaq. This approval would offer institutional investors an alternative method of gaining exposure to Bitcoin.
Despite this approval, inflows into BlackRock’s Bitcoin ETF have yet to experience a significant uptick, signaling a cautious approach by investors.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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