BlackRock Verifies Bitcoin Holdings via Blockchain Nodes to Ensure ETF Asset Security

According to prominent ETF analyst Eric Balchunas, global asset management giant BlackRock is daily extracting balance information from its Bitcoin addresses through its own blockchain nodes connected to Coinbase Prime, validating the holdings of its spot Bitcoin ETF. While this data is available only to institutional clients, BlackRock has earned widespread trust with its 30-year unblemished record.

In contrast to crypto platforms like FTX, BlackRock’s ETF framework is characterized by high transparency and security, consistently adhering to rigorous custodial processes. Despite market skepticism regarding the transparency of its Bitcoin transactions, Balchunas emphasized that BlackRock ensures asset security and client trust through self-custody and blockchain verification.