It indicates that 'Pantera' is interested in purchasing something worth $100 million
Asset management firm Bitwise has revised its Ethereum ETF registration form (S-1), which included a potential $100 million investment in the ETF at launch.
Bitwise said in its June 18 filing with the US Securities and Exchange Commission (SEC) that investment firm Pantera Capital Management has “indicated an interest in purchasing up to $100 million of shares” in the Ethereum spot trading fund ( ETH).
“However, because indices of interest are not binding agreements or commitments to purchase, these potential purchasers may decide to purchase more shares, fewer shares, or none,” the company said in its filing.
Form (S-1) is a document submitted to the Securities and Exchange Commission before beginning to trade securities, and it includes information about financial data, operations, and risk analysis.
The filings are known as the final part of the approval process for launching spot-traded funds, and SEC Chairman Gary Gensler believes that these deposits will receive the necessary approvals “sometime during this summer.”
On May 23, the SEC approved 19b-4 applications filed by eight companies. However, the regulator must approve S-1 forms before ETFs can begin trading on U.S. exchanges.
The amended filing comes on the same day that the SEC dropped its investigation into whether Ethereum was a security. Ethereum's developer, Consensys, said in a post on X on June 19: "The Enforcement Division informed us of The SEC is closing its investigation into Ethereum 2.0.
“This means that the SEC will not file any charges alleging that Ethereum sales are securities transactions,” the company explained.
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