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BlackRock Says in Amendment It Wants to Prepare Seed Capital for Its Bitcoin Spot ETF in October

On October 24th, American financial lawyer Scott Johnsson stated on his social media platform that, through studying BlackRock's submitted S-1 amendment, he discovered that BlackRock has obtained a CUSIP (Committee on Uniform Securities Identification Procedures) Number for the preparation of a Bitcoin spot ETF, with the Chinese name: US Securities Cusip Number/Securities Uniform Identification Code. In addition, BlackRock stated in the document that they hope to prepare seed capital for the Bitcoin spot ETF in October. The lawyer stated that this is earlier than he imagined, but it may mean nothing. Note: Whenever an ETF is launched, the issuing company must purchase the underlying assets to meet future demand for the product.

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