secwatch.observer — SEC 8-K summary
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Issuer:     iShares Bitcoin Trust ETF (IBIT)
CIK:        0001980994
Form:       8-K
Filed at:   2024-09-19T23:59:59+00:00
Accession:  0001437749-24-029619
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

iShares Bitcoin Trust ETF amends Coinbase Prime Broker Agreement for withdrawal processing
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- Amendment shortens withdrawal processing time to 12 hours on Custodial Account as long as unpaid Trade Credit is covered by combined Trading and Vault Balance.
- Agreement updated to require that, while Trade Credits remain unpaid, withdrawals to blockchains are allowed only if equivalent amount remains in aggregate of Trading and Vault Balance.
- Amendment effective September 16, 2024, between BlackRock Fund Advisors (for iShares Bitcoin Trust ETF) and Coinbase entities.
- Changes affect Exhibit A (Custodial Services) and Exhibit D (Committed Trade Financing) of the Prime Broker Agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1980994/000143774924029619/0001437749-24-029619-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1980994/000143774924029619/bit20240918_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-029619

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