Bitcoin ETF

Bitcoin

Million

James

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            <p>In a recent update, Bloomberg analyst James Seyffart reveals that BlackRock has submitted a revised and amended S-1 for their Bitcoin exchange-traded fund (ETF). This move indicates BlackRock’s continued engagement in addressing regulatory considerations for the potential approval of their Bitcoin ETF.</p> 
            <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
             <p lang="en" dir="ltr">UPDATE: <a href="https://twitter.com/BlackRock?ref_src=twsrc%5Etfw">@BlackRock</a> already submitted an updated/amended S-1 for their <a href="https://twitter.com/hashtag/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#bitcoin</a> ETF. <a href="https://t.co/sVAL9qVmiy">pic.twitter.com/sVAL9qVmiy</a></p> 
             <p>— James Seyffart (@JSeyff) <a href="https://twitter.com/JSeyff/status/1738324061321666705?ref_src=twsrc%5Etfw">December 22, 2023</a></p>
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            <p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
            <h3 id="blackrock-prepares-3-million-seed-funding">BlackRock Prepares $3 Million Seed Funding</h3> 
            <p>BlackRock, alongside Hashdex and Pando Asset, has submitted <a href="https://coingape.com/spot-bitcoin-etf-filings-blackrock-wisdomtree-amend-form-s-1/" target="_blank" rel="noopener">revised S-1 filings</a>, according to Bloomberg analyst James Seyffart. The asset management giant has outlined plans to allocate $10 million in seed funding for its spot Bitcoin exchange-traded fund (ETF) on January 3. While this injection of funds does not guarantee an immediate launch, it suggests that the ETF may be on track to launch in the near future.</p> 
            <p>Seeding a financial product before its launch shows confidence among applicants before its launch. Along with BlackRock, VancEck has also been <a href="https://coingape.com/bitcoin-etf-vaneck-to-seed-its-etf-product-with-btc/" target="_blank" rel="noopener">working its way</a> to seed the ETF product.</p> 
            <p>Currently, market analysts are expecting the approval of spot Bitcoin ETFs by January 10. However, Bloomberg analyst Seyffart <a href="https://coingape.com/spot-bitcoin-etf-approvals-to-begin-by-end-of-2023/" target="_blank" rel="noopener">earlier suggested</a> that the approval could be coming as soon as next week.</p> 
            <p>On the other hand, Bitcoin whale wallets returned to accumulation earlier this week. On-chain data indicates that Bitcoin whales <a href="https://coingape.com/spot-bitcoin-etf-approvals-to-begin-by-end-of-2023/" target="_blank" rel="noopener">re-entered</a> the market on December 20, 2023, potentially acting as a catalyst for the BTC price to reach the $44,000 level. The data reveals that 22 whale wallets initiated positions, putting an end to the consistent decline observed in the number of Bitcoin wallets holding over 100 BTC over the preceding two weeks.</p> 
            <h3 id="institutions-will-make-a-strong-push">Institutions Will Make A Strong Push</h3> 
            <p>Top players like Bitwise Asset Management have already started with the marketing of their Bitcoin ETF products.</p> 
            <p>The advertisement showcases Jonathan Goldsmith, the actor renowned for his depiction of the “Most Interesting Man in the World”. In the brief 15-second clip, 85-year-old Goldsmith also draws attention to Bitcoin, posing the question, “You know what is interesting these days?”</p> 
            <p>Popular Bitcoin evangelist Anthony Pompliano&nbsp;<a href="https://twitter.com/APompliano/status/1738293521088491556" target="_blank" rel="noopener">anticipates</a> the approval of the Bitcoin spot ETF to trigger the most extensive marketing campaign in the history of finance. He predicts that institutions will invest millions in promotional efforts specifically targeting Bitcoin.</p> 
            <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
             <p lang="en" dir="ltr">We are about to see the largest marketing blitz in finance history when the bitcoin spot ETF gets approved. <a href="https://twitter.com/cvpayne?ref_src=twsrc%5Etfw">@cvpayne</a> and I discuss this and more on today's show. <a href="https://t.co/rkpX0O13Jg">pic.twitter.com/rkpX0O13Jg</a></p> 
             <p>— Pomp <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f32a.png" alt="🌪" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@APompliano) <a href="https://twitter.com/APompliano/status/1738293521088491556?ref_src=twsrc%5Etfw">December 22, 2023</a></p>
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            <p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
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<p>The post <a href="https://coingape.com/blackrock-prepares-for-3-million-seed-funding-for-bitcoin-etf-next-week/">BlackRock Gearing Up With $3 Million Seed Funding for Bitcoin ETF Next Week</a> appeared first on <a href="https://coingape.com">CoinGape</a>.</p>

BlackRock Gearing Up With $3 Million Seed Funding for Bitcoin ETF Next Week

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