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.
Rumors of Coinbase Issuing 'Paper' Bitcoin to BlackRock for ETF Are Baseless, Says Analyst
Sep 26, 2024