BlockBeats news on December 30th: ETF analyst Eric Balchunas from Bloomberg stated on social media that Bitwise has submitted the latest revised S-1 document for its spot Bitcoin ETF, and someone will inject $200 million in seed funding into BITB, which is much more than BlackRock's $10 million and will be of great help in the early stages of the ETF competition. However, the updated document still does not specify an Authorized Participant and the fees have not yet been disclosed.

On October 24th, Bloomberg's ETF analyst Eric Balchunas stated on social media that BlackRock had announced in a recent amendment to its spot Bitcoin ETF that it will inject seed ETF for its ETF in October. As one of the contents of the amendment, this is noteworthy. Eric Balchunas explained that seed ETF refers to initial funding provided by banks or broker-dealers (usually) to purchase some assets (in this case, Bitcoin) in exchange for ETF shares that can be traded on the public market on the first day. The seed funding is usually not much, just enough to run the ETF. Therefore, it should not be interpreted as "BlackRock is buying a large amount of Bitcoin", but more importantly, by doing so and disclosing this fact, it indicates further progress in the launch process. As previously reported by BlockBeats, BlackRock's Bitcoin spot ETF was listed on the Depository Trust & Clearing Corporation (DTCC) on the same day.

BlockBeats reported on July 14th that financial analyst James Seyffart posted on social media that the US Securities and Exchange Commission (SEC) has just confirmed the bitcoin spot ETF applications from BlackRock, VanEck, CSOP/GalaxyDigital, Fidelity, and WisdomTree. As previously reported by BlockBeats, financial analyst James Seyffart stated yesterday that Bitwise's spot bitcoin ETF application review process has been approved by the SEC, officially initiating the review process. However, Seyffart also stated that "this is just one step in the process, and even if Gensler/SEC plans to reject them next month, it could still happen."

BlockBeats reported on July 4th that BlackRock has resubmitted its Bitcoin spot ETF application to the US Securities and Exchange Commission (SEC) via Nasdaq, indicating that Coinbase Global Inc. will provide market supervision. Previously, the SEC had stated that preliminary application documents submitted by institutions such as BlackRock and Fidelity were "unclear and incomplete" because they did not specify the cooperating agencies for regulatory sharing agreements. Last week, Fidelity, Invesco, VanEck, 21Shares, and WisdomTree all amended their applications. Analysts believe that market supervision could be the key factor in obtaining SEC approval for a Bitcoin spot ETF. Supervision can significantly reduce fraud and market manipulation, which has been the main reason for the SEC's rejection of about 30 Bitcoin spot ETF applications to date.