Express

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

Last Update:

Tags: ,,,,,,
Link: BlackRock to Inject $10 Million in Bitcoin ETF   [Copy]
  • BTC Weekly Watch: Is the Rebound "Feast" Nearing Its End? 14 days ago
  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? 21 days ago
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 25 days ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 27 days ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... August 29, 2025
  • You need to login to comment.