Listless on Nostr: duh, was always the plan with that ETF. why else ...
duh, was always the plan with that ETF. why else
quoting nevent1q…rjdrThis arrangement allows BlackRock to borrow Bitcoin, including for short-selling, without proving a 1:1 holding ratio.
These transactions settle in 2 to 30 days, all in cash, not Bitcoin. Off-chain trades occur outside the blockchain, remaining invisible on the public ledger.
https://www.altcoinbuzz.io/cryptocurrency-news/blackrocks-secretive-bitcoin-transactions-with-coinbase/