Bitwise’s updated Ethereum ETF filing says Panther is interested in buying $100M
Asset management firm Bitwise has updated its Ether (ETH) exchange-traded fund (ETF) Form S-1 registration statement, which includes a $100 million investment in the ETF at the start of trading.
Bitwise said in a June 18 filing with the United States Securities and Exchange Commission (SEC) that investment firm Pantera Capital Management “expressed interest in purchasing up to $100 million in total shares in the Ether ETF.”
“However, since signals of interest are not binding agreements or purchase commitments, these potential buyers may decide to purchase more, fewer or no shares,” the filing said.
Form S-1 is a document filed with the SEC prior to the commencement of a security transaction that includes financial, operational and risk analysis information.
The filings are the final part of the approval process before Ether ETFs are allowed to publicly trade, which SEC Chairman Gary Gensler believes will happen “sometime this summer.”
On May 23, the SEC approved 19b-4 filings from eight Ether ETF bidders, but the filings require Form S-1 approval before the ETFs can begin trading on a U.S. exchange.
Related: Spot Ethereum ETFs May Begin Trading on July 2 – Bloomberg Analyst
The updated filing comes on the same day that the SEC ended its investigation into the safety of Ether.
“The SEC's enforcement division has informed us that it will close its investigation into Ethereum 2.0,” Ethereum developer Consensus said in a June 19 X post.
“This means that the SEC will not issue charges that ETH sales are securities transactions,” the company said.
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