Bitwise spot Bitcoin ETF may secure $200 million in "seed funding."

Indra55

Golden Finance reports that Bloomberg analyst Eric Balchunas stated on the X platform that Bitwise has submitted an updated S-1 form for its spot Bitcoin ETF (BITB). It appears that a buyer (identity unknown) is set to inject $200 million in "seed funding" into BITB, a significantly larger amount compared to BlackRock's $10 million (currently known figure). This injection is expected to provide substantial assistance in the early stages of the ETF competition.

Jiten171

This is indeed a substantial amount obtained.

Jafar224

The funding currently being provided is also very high.

Isha000

It's really a substantial influx of funds.