BlackRock Spot Bitcoin ETF has received $100,000 in seed funding

BlackRock disclosed in a new filing with the U.S. Securities and Exchange Commission (SEC) that the investment giant received $100,000 as “seed funding” for its proposed BTC exchange-traded fund. The document disclosed that seed capital investors agreed to purchase US$100,000 shares on October 27, 2023, and deliver 4,000 shares (seed shares) at a unit price of US$25 on the same day. #BinanceTournament #BTC $BTC #ETFRally