Bitwise Spot Bitcoin ETF may receive $200 million in "seed funding"

Bloomberg analyst Eric Balchunas said on the BlackRock's $10 million (as currently known) is much larger, which will be a big help in the early days of the ETF race. The description of the document shows: "XX is interested in purchasing shares in the market from authorized participants or through broker-dealers in the total amount of up to $200 million in this offering. However, this is not a tender agreement or transaction commitment, and the buyer can decide to purchase more, Buy less or no more”.