Bitwise Updates Spot Ether ETF Filing; Pantera Capital Eyes $100M Investment

Asset management firm Bitwise has updated its spot Ether exchange-traded fund (ETF) Form S-1 registration statement, revealing a potential $100 million investment in the ETF at its trading launch. According to Bitwise’s June 18 filing with the United States Securities and Exchange Commission (SEC), investment firm Pantera Capital Management “has indicated an interest in purchasing an aggregate of up to $100 million of Shares” in the spot Ether ETF. “However, because indications of interest are not binding agreements or commitments to purchase, these potential purchasers could determine to purchase more, fewer or no Shares,” the filing stated. A Form S-1

Source: CryptoIntelligence