Asset manager Bitwise has revised its Ether (ETH) exchange-traded fund (ETF) registration application, including a potential $100 million investment at launch. 📈

Investment company Pantera Capital Management "has expressed interest in purchasing shares for a total amount of up to $100 million." in the Ether ETF, Bitwise said in a June 18 statement.

However, since expressions of interest are not binding agreements or commitments to purchase, these potential buyers may decide to buy more, less or no shares at all.

At the same time, the SEC has closed its investigation into whether Ether is a security. “This means that the SEC will not bring charges that ETH sales constitute securities transactions,” the company explained.