Bitwise Bitcoin Spot ETF may receive $200 million in "seed funding."
ChainCatcher news, Bloomberg ETF analyst Eric Balchunas posted on social media that Bitwise has submitted the latest revised S-1 filing for its Bitcoin spot ETF, and someone will inject $200 million in "seed funding" into BITB, which is significantly more than BlackRock's $10 million, providing substantial help in the early stages of the ETF race.
However, the updated filing still does not specify the Authorized Participant, and the fees have not yet been disclosed.
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