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BlackRock to Inject $10 Million in Bitcoin ETF

Katie Lin

Summary: Bloomberg analyst Eric Balchunas revealed on X that BlackRock intends to allocate $10 million as seed capital for its spot bitcoin ETF (ticker: IBIT) on January 3, 2024. Another Bloomberg analyst, James Seyffart, opined that this initial funding injection doesn't necessarily signal an immediate launch of the ETF. However, it suggests a potential near-term rollout, ...

Bloomberg analyst Eric Balchunas revealed on X that BlackRock intends to allocate $10 million as seed capital for its spot bitcoin ETF (ticker: IBIT) on January 3, 2024. Another Bloomberg analyst, James Seyffart, opined that this initial funding injection doesn't necessarily signal an immediate launch of the ETF. However, it suggests a potential near-term rollout, aligning with predictions of a January approval.

Author: Katie Lin

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