According to TechFlow, The Block reported that according to the filing documents of the U.S. Securities and Exchange Commission (SEC), Bitwise has submitted its Ethereum spot ETF S-1 revised registration statement.

Bitwise included some new details in its updated S-1 form for the Bitwise Ethereum ETF, including about a $2.5 million seed investment. “Bitwise Investment Manager, LLC expects to purchase 100,000 initial shares at $25 per share,” the company said.

Bitwise also said Pantera Capital Management LP is interested in buying up to $100 million worth of shares.