Bitwise Spot Bitcoin ETF will receive US$200 million in "seed funding", but AP and fee information have not been announced yet.

On December 30th, ETF analyst Eric Balchunas from Bloomberg stated on social media that Bitwise has submitted the latest revised S-1 document for its spot Bitcoin ETF, and someone will inject $200 million "seed funding" into BITB, which is much more than BlackRock's $10 million and will be of great help in the early stages of the ETF competition. However, the updated document still does not specify the Authorized Participant, and the fees have not been disclosed.