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💥BREAKING: BlackRock bought #Bitcoin
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Cryptonian
10/24 06:28
💥BREAKING: BlackRock bought #Bitcoin
💥BREAKING: BlackRock bought #Bitcoin
BlackRock told the SEC it will buy bitcoin to fund its Bitcoin ETF in October in preparation for approval.
Blackrock will begin seeding its ETF.
Seeding an ETF is to obtain capital, to buy creation units for the ETF, in this case creation units are #bitcoin off the market.
The capital raised is converted into the underlying asset on the day the ETF launches 🚀
This is confirmation of ETF approval & Blackrock buying #bitcoin
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