Unveiling BlackRock's Pioneering $100,000 Investment in Spot Bitcoin ETF

Unveiling BlackRock's Pioneering $100,000 Investment in Spot Bitcoin ETF



An unidentified investor invested $100,000 as initial funding for acquiring shares in BlackRock's spot Bitcoin ETF. This ETF application was submitted in June 2023, preceding a series of similar applications with the U.S. Securities and Exchange Commission (SEC). The investor initiated this purchase on October 27th and received 4,000 shares on the same day. Seed capital refers to the initial funds required to support the creation units that underlie an ETF.



BlackRock offered each of these seed shares at a price of $25, as revealed in an amendment to its S-1 filing with the SEC on December 4th. Notably, Bitwise also updated its prospectus for a spot Bitcoin (BTC) ETF, but there was no mention of seed shares in their filing. This suggests that BlackRock is likely the only issuer that has secured seed funding at this


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#BlackRock, #Blockchain, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #News, #Regulations

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