Bitwise, a firm based in Schaumburg, Illinois, has filed with the SEC, revealing plans to seed its spot Bitcoin ETF with $200 million in funding. The firm received this funding from an investor. This comes after the first spot Bitcoin ETF application was submitted ten years ago by Cameron and Tyler. The news has sparked anticipation, with some suggesting that ETF approval may be imminent.
We're potentially less than 48hr away from tacit ETF approval + Bitwise has someone wanting to seed $200m in their spot $BTC ETF.....and you're bearish anon? https://t.co/YoZLOizuTo https://t.co/zzLR6zmXgo
#Bitwise has revealed in its amended filing with the SEC a plan to seed its spot #bitcoin ETF with $200 million. https://t.co/0SDmQCIxxP
#Bitwise Reveals Plan to Seed Spot #Bitcoin ETF With $200 Million https://t.co/0SDmQCIxxP
Bitwise is going to seed its spot #Bitcoin ETF with $200 million. And they're just getting started 🚀 https://t.co/yWsuB73zvV
Some may say this is all happening fast but the first spot bitcoin ETF application was submitted TEN YEARS by @cameron and @tyler https://t.co/ANDSBJ4oAQ
According to Bitwise’s S-1 filing with the SEC, the Schaumburg, Illinois-based firm amassed $200 million in seed funding from an investor https://t.co/lgaSEGD1N0