Bitwise has also updated its S-1 form submitted by the Dec. 29 deadline set by the SEC and revealed a planned $200 million seed investment for its spot Bitcoin (BTC) exchange-traded fund (ETF).
The amount is 20x larger than the $10 million seed investment recently announced by BlackRock for its spot Bitcoin ETF.
The SEC is expected to announce the first wave of approvals or…
This story from cryptoslate.com was posted on 2023-12-31 by @sunsetglow.