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OneKey's Yishi says BlackRock has no separate insurance for IBIT Bitcoin

NewsFeeds update

OneKey founder Yishi said BlackRock has not bought separate insurance for the roughly 815,000 BTC (about $63bn) held by its spot Bitcoin ETF IBIT, which Coinbase mainly custodies. Coinbase's $320m commercial crime cover is shared across clients, with a per-address liability cap in the custody agreement.

ETFsChainCatcherAIBearish

Read the original on ChainCatcher

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Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Not investment advice.