{"id":179613,"date":"2023-10-23T23:56:42","date_gmt":"2023-10-23T18:26:42","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=179613"},"modified":"2023-10-23T23:56:42","modified_gmt":"2023-10-23T18:26:42","slug":"blackrock-plans-to-seed-its-spot-bitcoin-etf-in-october-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/blackrock-plans-to-seed-its-spot-bitcoin-etf-in-october-crypto-news\/","title":{"rendered":"BlackRock Plans to Seed its Spot Bitcoin ETF in October – Crypto News"},"content":{"rendered":"

<\/p>\n

The asset manager said in its latest S-1 amendment to the SEC it plans to provide initial funding for its BTC ETF this month.<\/p>\n

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Eric Balchunas, the Senior ETF Analyst for Bloomberg, pointed out on X an intriguing<\/a> change in BlackRock’s spot Bitcoin ETF amendment: The world’s largest asset manager is planning to seed the fund this month.<\/p>\n

The information was discovered by Scott Johnsson, an investor at Van Buren Capital, who also noted that BlackRock has obtained a CUSIP number for the ETF. A CUSIP number serves as a unique identifier for securities, which is essential at the time of issuance and trade settlement.<\/p>\n

Balchunas noted that seeding an ETF happens when initial funding is provided typically by a bank or broker dealer used to purchase a few creation units in exchange for ETF shares which can be traded in open market on day one.<\/p>\n

While Balchunas said he doesn’t “want to read that much into it,” he also said, “it happens when ETFs are preparing to launch.”<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The asset manager said in its latest S-1 amendment to the SEC it plans to provide initial funding for its BTC ETF this month. Eric Balchunas, the Senior ETF Analyst for Bloomberg, pointed out on X an intriguing change in BlackRock’s spot Bitcoin ETF amendment: The world’s largest asset manager is planning to seed the […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-179613","post","type-post","status-publish","format-standard","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/179613","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=179613"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/179613\/revisions"}],"predecessor-version":[{"id":179614,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/179613\/revisions\/179614"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=179613"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=179613"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=179613"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}