Addressing Rumors of Bitcoin IOUs to BlackRock Coinbase, the popular cryptocurrency exchange, has recently been the subject of rumors surrounding a potential partnership with BlackRock for its upcoming Bitcoin ETF. These rumors have caused quite a stir in the crypto community, with many speculating on the potential impact such a partnership could have on the market. However, Coinbase has now officially addressed these rumors and put them to rest. What are Bitcoin IOUs? Bitcoin IOUs, or "I Owe You" notes, are a type of financial instrument that represents a promise to pay back a certain amount of Bitcoin at a future date. Essentially, it is a way to trade Bitcoin without actually owning any of the cryptocurrency. This concept has been gaining traction in the traditional financial world, with major players like BlackRock showing interest in using them for their ETF products. Clearing Up Misconceptions Coinbase has made it clear that they are not issuing Bitcoin IOUs ...
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