BlackRock’s BTC Seed ETF – $10M Allocation Expected

BlackRock Plans $10 Million BTC Purchase for Potential Spot Bitcoin ETF

BlackRock, the world’s largest asset manager and a leading contender for the first spot Bitcoin ETF in the US, is reportedly planning to acquire $10 million worth of Bitcoin (BTC) as initial funding for its potential ETF. The purchase is expected to take place on January 3, 2024, according to market analysts. This move signifies BlackRock’s commitment to entering the Bitcoin market and its confidence in the potential success of its ETF.