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Bloomberg Analyst: BlackRock plans to inject $10 million in seed funding into its spot Bitcoin ETF on January 3rd

Bloomberg Analyst: BlackRock plans to inject $10 million in seed funding into its spot Bitcoin ETF on January 3rd

Bitget2023/12/23 01:30

Bloomberg analyst Eric Balchunas stated on the X platform that BlackRock is expected to inject $10 million in seed funding into its spot Bitcoin ETF (code IBIT) on January 3rd. Bloomberg analyst James Seyffart believes that injecting seed capital does not mean the immediate launch of the ETF, but it may imply a release soon after, which still aligns with predictions for approval in January.

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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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