📈 Stock Market 7h ago · Sam Daodu

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The post Who Really Owns the Bitcoin Inside BlackRock’s ETF? appeared first on 24/7 Wall St..Many investors in BlackRock’s Bitcoin ETF might think the fund manager owns the Bitcoin. However, the iShares Bitcoin Trust ETF (NASDAQ: IBIT) has a different structure. While BlackRock (NYSE: BLK) manages the fund, a separate legal trust holds the actual Bitcoin (CRYPTO: BTC), and Coinbase (NASDAQ: COIN) acts as custodian and holds the keys.
IBIT operates as a Delaware statutory trust. Share

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