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BlackRock Spot Bitcoin ETF Receives $100,000 in ‘Seed Funding’

BlackRock Spot Bitcoin ETF Receives $100,000 in ‘Seed Funding’

CointimeCointime2023/12/05 06:54
By:Cointime

Investment giant BlackRock has disclosed in its latest filing to the US SEC that it has secured $100,000 in "seed capital" for its proposed physically-backed bitcoin ETF. The filing states: "Seed capital investors have agreed to purchase $100,000 in shares on October 27, 2023, and deliver 4,000 shares at a price of $25 per share ('Seed Shares')." (CoinDesk)

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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