As the final deadline approaches for the U.S. Securities and Exchange Commission (SEC) to decide on the spot Bitcoin exchange-traded fund (ETF) application submitted by ARK Invest and 21 Shares, BlackRock is poised to take a significant step forward with its proposal. The asset management giant is set to seed the fund with $10 million worth of Bitcoin, underlining its commitment and preparedness to launch the highly anticipated crypto investment vehicle.
Last month, Bloomberg Intelligence ETF analyst James Seyffart shared that the New York-based asset management giant, BlackRock, had submitted an amended Si-1 form with the SEC.
