Crypto:
30601
Bitcoin:
$58.500
% 1.84
BTC Dominance:
%53.3
% 0.09
Market Cap:
$2.13 T
% 0.20
Fear & Greed:
25 / 100
Bitcoin:
$ 58.500
BTC Dominance:
% 53.3
Market Cap:
$2.13 T

Bitwise Updates Ether Spot ETF Filing, Reveals Seed Investment and Pantera’s Potential Purchase

Ethereum

Bitwise Asset Management, one of the firms awaiting SEC approval for Ethereum spot ETFs, has updated its S-1 filing and disclosed plans for a $2.5 million seed investment in its own ETF. The company also announced that crypto fund manager Pantera Capital is targeting a $100 million investment in the product.

Bitwise, which has already received SEC approval for a Bitcoin spot ETF, submitted its updated S-1 filing to the regulator. The investment management firm added new details to the filing, including the disclosure of its own $2.5 million investment in the fund.

According to the filing, “Bitwise Investment Manager, a subsidiary of the ETF’s issuer, is expected to purchase 100,000 shares of common stock at a price of $25 per share for a total of $2.5 million.”

Pantera Could Invest $100 Million

In a significant development, Bitwise’s filing also revealed that crypto fund manager Pantera Capital is targeting a $100 million investment in the Bitwise Ether spot ETF. However, the filing included a disclaimer stating that “interest in purchasing does not guarantee a purchase. Potential purchasers may purchase more or less than the indicated amount or may not purchase at all.”

As previously reported, the SEC approved 19b-4 filings for Ether spot ETFs in May. For the funds to start trading, the regulator still needs to approve their S-1 filings. Bitwise is the latest Ether ETF issuer to update its S-1 filing.

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