🚨 BlackRock recently adjusted its custody agreement for its spot ETF #Bitcoin with Coinbase, aiming to improve withdrawal times.

One of the major points of this amendment is the requirement for Coinbase to process withdrawals from #Bitcoin to a public address within 12 hours of receiving instructions.

This means that as soon as an ETF holder wants to withdraw their #Bitcoin , Coinbase, as the custodian, will have to execute this transaction within a relatively short period of time.