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Explanations? Blackrock rec'd $100K seed money; BTC loans

Bitcoin Reddit

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Can someone help explain this to me? Got lost with: sponsor's fee, borrowing BTC, charge their fees via a loan, etc. Sounds like a lot of games being played. What am I missing?

Only $100K seed funding? That seems sad.

https://cointelegraph.com/news/blackrock-100-k-seed-fund-for-bitcoin-etf-sec-filing

submitted by /u/ThxBTC
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