VanEck seeds potential spot bitcoin ETF with $72.5 million, while Bitwise lines up $200 million of interest | Headlines | News | CoinMarketCap

01/09/2024 00:38
VanEck seeds potential spot bitcoin ETF with $72.5 million, while Bitwise lines up $200 million of interest | Headlines | News | CoinMarketCap

Prospective spot bitcoin ETF issuers revealed new details about initial funding amounts in the latest round of amended forms that came in early …

Prospective spot bitcoin ETF issuers revealed new details about initial funding amounts in the latest round of amended forms that came in early Monday.

Investment firm VanEck has taken the lead with direct investment, noting that it has seeded its potential spot bitcoin ETF with $72.5 million, according to its amended S-1 form.

Bitwise has seeded its proposed ETF with $500,000, according to its amended S-1 form, but Pantera Capital has also said that it is interested in putting $200 million into the fund if approved. That carried a disclaimer that it's an indication of interest and not legally binding.

BlackRock has seeded its potential spot bitcoin ETF with $10 million, according to its amended S-1 form.

Final details

The amended S-1 forms also provided final details regarding

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