BlackRock, according to a new prospectus, appears to be seeding a Bitcoin spot ETF with $10 million.
The expected January 3 seeding is 100 times larger than the October seeding of $100,000.
BlackRock filed an updated filing on December 22 following the SEC meeting with all spot ETF applicants.
Spot Bitcoin ETF approval hype is growing as the marketing war rages on, but BlackRock is taking a different route. Over the past few days, one of the first registrants has been focusing on ensuring a smooth and large-scale ETF launch rather than pushing out advertisements, hinting at which seen in their most recent profile.
BlackRock takes a big step forward
BlackRock has amended its Bitcoin spot ETF application according to a new filing with the Securities and Exchange Commission (SEC). The move comes after the regulator held a meeting with all BTC ETF applicants as the expected approval date of January 10 approaches #binanceSquare1000SATS $BNB $BTC $ETH