According to BlockBeats, Bitwise has submitted a revised registration statement for its Ethereum Spot ETF S-1 to the U.S. Securities and Exchange Commission (SEC). The updated Bitwise Ethereum ETF S-1 form includes new details, including information about a $2.5 million seed investment. Bitwise Investment Manager, LLC anticipates purchasing 100,000 initial shares at a price of $25 per share, the company stated.
Furthermore, Bitwise revealed that Pantera Capital Management LP is interested in purchasing shares worth up to $100 million. This development comes as the latest in a series of moves by Bitwise to expand its presence in the cryptocurrency market. The company's decision to revise its registration statement and the interest shown by Pantera Capital Management LP highlight the growing interest in Ethereum and other cryptocurrencies as potential investment vehicles. However, it's important to note that the SEC has yet to approve the revised registration statement.
