BlackRock Validates Daily BTC Balances in IBIT, Analyst Sees No Bankruptcy Risks

BlackRock Validates Daily BTC Balances in IBIT, Analyst Sees No Bankruptcy Risks BlackRock, the world’s largest asset management firm, is actively validating Bitcoin (BTC) balances for its IBIT ETF by operating its own blockchain node, according to Bloomberg’s senior ETF analyst Eric Balchunas. In a post on X (formerly Twitter), Balchunas explained that BlackRock retrieves