BLACKROCK RECEIVED $100K SEED FUNDING FOR SPOT BITCOIN ETF

Summary from the TLDR Crypto newsletter

In its amended ETF application, BlackRock reported a $100,000 investment as seed capital for a proposed bitcoin ETF. As a reminder, unlike some of the bitcoin ETFs already on the market, this product will invest directly in spot bitcoin, not futures. The application is one of thirteen like this awaiting regulatory approval, with analysts predicting a likely green light in early public trading next year.