2024

Chair

<ul>
 <li>Pantera Capital eyes $100M in Bitwise’s upcoming Ether ETF, SEC filing reveals.</li>
 <li>SEC drops Ether security investigation as Bitwise amends ETF filing.</li>
 <li>SEC Chair hints at summer approval for Ether ETFs after Bitwise’s revision.</li>
</ul>
Bitwise disclosed that Pantera Capital Management is considering buying as much as $100 million in shares of its upcoming spot Ether ETF. This possible investment was revealed in Bitwise’s updated Form S-1 registration <a href="https://www.sec.gov/Archives/edgar/data/2013744/000199937124007581/bitwise-s1a_061824.htm" target="_blank" rel="noopener noreferrer nofollow">document</a> submitted to the US Securities and Exchange Commission (SEC) on June 18
Pantera’s Potential Investment
The filing indicates that Pantera Capital has shown an interest in investing significantly in the Ether ETF. However, it also notes that these indications of interest are not binding agreements.
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 Bitwise discloses $2.5 million seed investment in latest amended filing for its spot Ethereum ETF; also reveals that Pantera Capital is interested in purchasing up to $100 million of shares in the ETF – The Block— unfolded. (@cryptounfolded) <a href="https://twitter.com/cryptounfolded/status/1803186060433699259?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 18, 2024</a>
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Pantera’s actual investment could be more, less, or even nothing at all. This cautious wording highlights the uncertainty inherent in such preliminary investment interests.
SEC Approval and Regulatory Developments
Form S-1, a crucial document submitted to the SEC, provides detailed financial, operational, and risk analysis information for ETFs before they can be publicly traded. SEC Chair Gary Gensler suggests the process may be completed by summer.
On May 23, the SEC approved 19b-4 filings from eight Ether ETF bidders. These applications, however, still require Form S-1 approvals before trading can commence on U.S. exchanges.&nbsp;
The timing of Bitwise’s amended filing coincides with another significant regulatory development with the SEC has <a href="https://x.com/Consensys/status/1803230653120659641" target="_blank" rel="noopener noreferrer nofollow">dropping its investigation </a>into whether Ether is a security. This decision was announced by Ethereum developer Consensys in a post on June 19, stating that the SEC will not bring charges alleging that sales of ETH are securities transactions.
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 <li><a href="https://cryptonewsland.com/bitwise-researcher-unveils-10-bold-bitcoin-predictions-for-crypto-in-2024/" rel="noopener noreferrer nofollow">Bitwise Researcher Unveils 10 Bold Bitcoin Predictions for Crypto in 2024</a></li>
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The post <a href="https://cryptonewsland.com/bitwise-updates-ether-etf-filing-pantera-eyes-100m-investment/" rel="noopener noreferrer nofollow">Bitwise Updates Ether ETF Filing, Pantera Eyes $100M Investment</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.

Bitwise Updates Ether ETF Filing, Pantera Eyes $100M Investment

Crypto News Land

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