Posted 1/8/2024, 9:20:36 PM
Bitcoin ETF Hopefuls Raise Millions Amid SEC Risk Warnings
- VanEck and Bitwise filed to seed new Bitcoin ETFs with over $200 million ahead of potential SEC approval
- VanEck seeded its ETF with $72.5 million, Bitwise seeded with $500,000 and offered up to $200 million more
- Pantera Capital indicated interest in buying up to $200 million of Bitwise's ETF shares
- Both VanEck and Bitwise cautioned about risks of Bitcoin ETFs, including potential total loss
- SEC Chair Gensler warned crypto investments can be "exceptionally risky" and "often volatile"