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TechFlow reported, Bloomberg analyst Eric Balchunas stated on X that Bitwise has filed an updated S-1 form with the U.S. Securities and Exchange Commission regarding its spot Bitcoin ETF (BITB).
It is understood that an unidentified buyer intends to inject $200 million in "seed capital" into BITB, significantly exceeding BlackRock's currently known $10 million, providing substantial early-stage support in the ETF competition.
Bloomberg analyst Eric Balchunas stated on X that Bitwise has filed an updated S-1 form with the U.S. Securities and Exchange Commission for its spot Bitcoin ETF (BITB). Reportedly, an unnamed buyer plans to inject $200 million in "seed capital" into BITB, significantly surpassing BlackRock's currently known $10 million, providing substantial early support in the ETF competition.
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