Blackrock Seeding (Stacking) their SPOT ETF this MTH! (Patreon)

Huge news - now we know who is stacking BTC!  I had a feeling anyhow. 

shout out to @Kazar.BTC for sharing 

ETF seeding is the process of providing initial funding for an ETF to be launched. This funding is typically provided by a bank or broker dealer, and is used to purchase a few creation units of the ETF's underlying assets. In the case of a Bitcoin ETF, the creation units would be Bitcoin itself.

Once the creation units have been purchased, they are exchanged for ETF shares. These shares can then be traded in the open market on the ETF's launch date.

ETF seeding is typically not a lot of money, just enough to get the ETF going. It is important to note that seeding is not a sign that the seed provider is investing heavily in the ETF's underlying assets. In the case of a Bitcoin ETF, for example, the seed provider may simply be providing the initial funding to get the ETF launched, and may not be a long-term investor in Bitcoin.

The fact that BlackRock is seeding a Bitcoin ETF is a significant development, as it shows that one of the world's largest asset managers is interested in providing investors with exposure to Bitcoin. It also suggests that BlackRock is confident that the ETF will be successful and attract a large investor base.