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On Monday, the imminent arrival of spot BTC ETF approval became more apparent after a string of bullish developments.
The day kicked off with Scott Johnsson, a General Partner at Van Buren Capital, noting that recent BlackRock regulatory filings revealed the asset manager had already received a Committee on Uniform Securities Identification Procedures (CUSIP) number for its spot BTC ETF and could begin “seeding” the ETF as early as this month!
Seed capital may represent an insignificant inflow for an ETF. Still, BlackRock’s intention to begin purchasing bitcoins to seed their instrument and the resulting disclosure demonstrates that they are actively taking steps to launch the ETF.
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