Bitcoin ETF

Bitcoin

Spot

In a recent development, attorney Scott Johnsson highlighted some interesting details in BlackRock's S-1 amendment for its Bitcoin Spot ETF. 
According to the lawyer, the following details attracted attention in the application in question: 
CUSIP Preparation: BlackRock obtained a CUSIP (Committee on Uniform Securities Identification Procedures) number to prepare for launch. 
Potential Early Funding: There are signs that BlackRock may look to raise cash funding this month, sooner than expected. 
Bloomberg ETF analyst Eric Balchunas also said the following on the subject: 
<blockquote> 
 “BlackRock states in its latest Bitcoin ETF regulation that they will fund the ETF in October. I don't want to add too much commentary, but it is noteworthy because it is new information that was not included in the original filing (especially since it belongs to BlackRock).” 
</blockquote> 
Related News: <a href="https://en.bitcoinsistemi.com/bitcoin-predictions-from-veteran-analyst-i-dont-know-about-the-next-6-months-but-within-2-years/" target="_blank" rel="dofollow">Bitcoin Predictions from Veteran Analyst: "I don't know about the next 6 months, but within 2 years..."</a> 
Funding an ETF is a process in which initial money is typically provided by a bank or brokerage firm. This fund is used to purchase several organizational units (Bitcoin in this case) in exchange for ETF shares, and these units can be bought and sold on the open market from day one. 
It is worth noting that the funding process does not usually involve significant amounts of money. Only sufficient funds are required to launch the ETF. That's why Balchunas advises against interpreting this as 'BlackRock is buying a lot of Bitcoin (BTC)'. Instead, he suggests viewing this as another step in the process of launching the ETF. 
*This is not investment advice. 
 Continue Reading: <a rel="nofollow" href="https://en.bitcoinsistemi.com/two-unnoticed-details-caught-in-blackrocks-bitcoin-spot-etf-application-coming-sooner-than-expected/">Two Unnoticed Details Caught in BlackRock’s Bitcoin Spot ETF Application: Coming Sooner Than Expected?</a>

Two Unnoticed Details Caught in BlackRock’s Bitcoin Spot ETF Application: Coming Sooner Than Expected?

Bitcoin Sistemi EN

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