In a recent development, James Seyffart, an analyst at Bloomberg, reports that BlackRock has submitted an updated and amended S-1 for their Bitcoin exchange-traded fund (ETF). This update suggests ongoing efforts by BlackRock in navigating the regulatory landscape for the approval of their Bitcoin ETF.
BlackRock Prepares $3 Million Seed Funding
BlackRock, alongside Hashdex and Pando Asset, has submitted revised S-1 filings, according to Bloomberg analyst James Seyffart. The asset management giant has outlined plans to allocate $10 million in seed funding for its spot Bitcoin exchange-traded fund (ETF) on January 3. While this injection of funds does not guarantee an immediate launch, it suggests that the ETF may be on track to launch in the near future.
Seeding a financial product before its launch shows confidence among applicants before its launch. Along with BlackRock, VancEck…
