Bitwise Asset Management has amended its Form S-1 registration statement for a spot Ether exchange-traded fund (ETF), revealing a potential investment of up to $100 million from Pantera Capital Management upon the ETF’s launch.
According to the June 18 filing with the United States Securities and Exchange Commission (SEC), Pantera Capital Management has expressed interest in purchasing an aggregate of $100 million worth of shares in the Ether ETF. However, Bitwise clarified that these indications of interest are not binding commitments, and the actual purchase amount may vary.
A Form S-1 is a crucial document submitted to the SEC before a security can commence trading. It includes comprehensive details about financials, operations, and risk assessments associated with the ETF.
This filing marks the final step in the approval process required before spot Ether ETFs can be traded publicly on U.S. exchanges. SEC Chair Gary Gensler has anticipated that trading could commence “sometime over the course of this summer.”
Earlier on May 23, the SEC had approved 19b-4 filings from eight Ether ETF applicants, pending the completion of Form S-1 approvals.
