iShares Bitcoin Trust amends Coinbase prime agreement on bitcoin withdrawal terms
iShares Bitcoin Trust ETF disclosed an amendment, dated September 16, 2024, to its prime broker agreement with Coinbase. The main changes shorten the withdrawal processing time for certain bitcoin transfers and set rules for withdrawals while trade credits remain unpaid. The filing does not disclose any financial figures, so the effect on shareholders is limited to how the trust's bitcoin can be moved and held under the agreement.
Key points
- Amendment to the Third Amended and Restated Coinbase Prime Broker Agreement dated September 16, 2024
- Coinbase Custody Trust Company gets a shorter withdrawal processing time from the Vault Balance to public blockchain addresses while trade credits are unpaid
- Trust may withdraw bitcoin from the Vault or Trading Balance if an amount equal to unpaid trade credit stays in the combined balances
The filing
Written by AI on Nov 9, 2026, 11:46 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 19, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.