- James Seyffart clarified the assumptions surrounding Blackrock’s $10 million seeding in the Bitcoin ETF.
- He argued that Blackrock follows a pattern in its ETF endeavors, typically initially seeding $5 million to $10 million.
- He added that this is followed by hundreds of millions or even a billion dollars, usually a few hours after the launch of the ETF.
Discover Crypto YouTube channel host and Bloomberg ETF analyst James Seyffart has elaborated on the involvement of prominent asset manager Blackrock in potential Bitcoin accumulation ahead of the upcoming Bitcoin spot ETF approval.
The conversation is grounded in the speculation that BlackRock would seed $10 million in Bitcoin, stirring varied sentiments within the crypto community. As a result, the YouTube channel host questioned whether clandestine buys were occurring in the background.
Bloomberg ETF analyst James Seyffart clarified the assumptions surrounding Blackrock’s $10 million seeding in the Bitcoin ETF. He argued that Blackrock seems to follow a pattern in its ETF endeavors.
Drawing parallels with BlackRock’s past practices, the analyst highlighted that the firm typically seeds within an ini…
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