BlackRock And Bitcoin ETFs Shielded BTC From Massive Drops — Analyst

Quick Summary:

BlackRock and Bitcoin ETFs, according to Bloomberg analyst Eric Balchunas, have consistently stopped disastrous declines in the value of the crypto.

Armstrong underlined that confidentiality agreements prevent Coinbase from revealing crypto addresses of institutional customers.

Analyst Tyler Durden says BlackRock can short BTC using these IOUs without having the real coin in a 1:1 ratio.

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets: Hungary

Topics: Btcusd BlackRock ETF Brian Armstrong Crypto News Bitcoin Coinbase Btc

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-16 @ 12:30:12 (22 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 397 words

Reading Time: 3 minutes read

Sentences: 30 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 22529995

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 51 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #105

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