BlackRock is reportedly planning to acquire $10 million worth of BTC as initial funding for its potential spot Bitcoin ETF, still currently under review for approval from the SEC.
BlackRock, the world’s largest asset manager and one of the front-runners in the race to issue the first spot Bitcoin ETF in the United States, is expected to purchase $10 million worth of Bitcoin (BTC) on Jan. 3, 2024, according to analysts.
On Dec. 23, market research analyst James Seyffart posted on X, formerly known as Twitter, highlighting BlackRock’s intentions to seed its ETF with the (BTC) it plans to purchase.
While Jan. 3 has been predicted as the date for BlackRock purchasing its (BTC) seed funding, there have also been multiple alternative reports stating the date has been pushed back to Jan. 5. Both dates are still speculative.
