Rumors of Coinbase Issuing 'Paper' Bitcoin to BlackRock for ETF Are Baseless, Says Analyst

Sep 26, 2024

Concerns have arisen among Bitcoin investors regarding the legitimacy of transactions between Coinbase and BlackRock, with rumors suggesting that Coinbase may not be purchasing actual Bitcoin for ETFs but issuing "paper" Bitcoin instead. Despite these claims, Bloomberg ETF analyst Eric Balchunas dismisses them as baseless conspiracy theories.

This article is for informational purposes only. It is not offered or intended to be used as investment or other advice.

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