💥BREAKING: BlackRock is buying #Bitcoin  NOW!

BlackRock has told the SEC it will seed its spot Bitcoin ETF in October in preparation for approval.

Seeding an ETF involves obtaining initial capital, usually from a bank or broker-dealer, to buy several creation units, such as #Bitcoin  in this context.

This capital is exchanged for ETF shares, which become available for open-market trading on the first day.

So basically, BlackRock is going to start buying $BTC