The post BlackRock Confirms Bitcoin Holdings Using Private Blockchain Node for Secure Verification appeared on BitcoinEthereumNews.com.

COINOTAG reported on September 24, referencing Bloomberg’s senior ETF analyst, that BlackRock actively operates its own blockchain node. Each night, they extract Bitcoin balances from Coinbase Prime’s wallet address and authenticate the Bitcoin holdings managed by IBIT. While these figures are available to institutional clients upon demand, BlackRock refrains from public disclosure to avoid exposure to spam, including sanctioned Bitcoin and NFTs. Revealing such information could potentially cause a substantial increase in spam occurrences. This level of operation showcases BlackRock’s proficiency. With approximately 500 ETFs under its management, these assets are securely held by custodians, a testament to a flawless track record spanning decades. This unwavering trust underscores why American advisors consistently rely on BlackRock and similar ETF providers. Source: https://en.coinotag.com/breakingnews/blackrock-confirms-bitcoin-holdings-using-private-blockchain-node-for-secure-verification/

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Filed under: News - @ September 24, 2024 12:18 am