BlackRock revealed that it plans to inject $10 million in seed capital into iShares Bitcoin Trust on January 3, 2024. The latest amendment details that a Seed Capital investor, an affiliate of the trust’s sponsor, purchased $100,000 worth of seed shares of the spot Bitcoin ETF on October 27, subject to conditions. The filing also outlines the redemption of Seed shares for cash by Seed Capital investors on January 3, 2024, as well as the purchase of a $10 million Seed Creation Basket.

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