EddieJayonCrypto
19 Jun 24
Bitwise's updated Form S-1 filing with the SEC reveals Pantera Capital Management's potential investment of up to $100 million in shares of its forthcoming spot Ether ETF. The filing indicates Pantera Capital's interest in a significant investment, with a note that the indications of interest are no...
Bitwise has revealed that Pantera Capital Management is contemplating a potential investment of up to $100 million in shares of its upcoming spot Ether ETF, as per the updated Form S-1 registration document submitted to the US Securities and Exchange Commission (SEC) on June 18. The filing indicates Pantera Capital's keen interest in a significant investment in the Ether ETF, with the caveat that these indications of interest are non-binding and the actual investment amount could vary.
SEC Chair Gary Gensler has hinted at the completion of the process by the summer for the crucial Form S-1, which provides comprehensive financial, operational, and risk analysis information for ETFs before they can be publicly traded. The SEC approved 19b-4 filings from eight Ether ETF bidders on May 23, but trading on U.S. exchanges is contingent upon Form S-1 approvals. The timing of Bitwise’s amended filing aligns with the SEC dropping its investigation into whether Ether is a security, a significant regulatory development announced by Ethereum developer Consensys on June 19.
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