Ethereum

<ul><li>Bitwise files revised S-1 for spot Ether ETF &#34;ETHW&#34; on NYSE Arca, Inc.</li><li>Pantera Capital signals interest in investing up to $100M in Bitwise&#39;s Ether ETF.</li><li>SEC progresses on Ether ETF approvals and may allow trading by summer&#39;s end.</li></ul>Bitwise Asset Management has taken a significant step forward by revising and <a href="https://www.sec.gov/Archives/edgar/data/2013744/000199937124007581/bitwise-s1a_061824.htm" rel="noopener noreferrer nofollow">submitting</a> its Form S-1 registration statement for its spot Ether (ETH) exchange-traded fund (ETF). This crucial move is part of the final approval process required for the ETF to begin trading publicly on U.S. exchanges. The ETF is to provide investors with direct exposure to the value of Ether held by the Trust, listed under the ticker symbol “ETHW” on NYSE Arca, Inc.Pantera Capital&#39;s Potential Investment BoostBitwise’s filing with the United States Securities and Exchange Commission (SEC) said investment firm Pantera Capital Management “has indicated an interest in purchasing an aggregate of up to $100 million of Shares” in the Ether ETF.  Although Pantera&#39;s indications are non-binding, this expression of interest highlights the significant confidence major investors have in the future of Ether ETFs.Spot Ether ETF Approval on the HorizonThe SEC&#39;s approval process for Ether ETFs has been progressing steadily. On May 23, the SEC <a href="https://cryptotale.org/sec-opens-gate-for-8-spot-ethereum-etfs-bitcoin-etfs-dominate-with-9-day-108m-inflows/" rel="noopener noreferrer nofollow">approved</a> 19b-4 filings from eight Ether ETF bidders. However, these applications still require Form S-1 approvals before the ETFs can commence trading. SEC Chair Gary Gensler has <a href="https://cryptotale.org/spot-ethereum-etfs-anticipated-to-launch-by-summers-end-says-secs-gensler/" rel="noopener noreferrer nofollow">expressed</a> optimism, anticipating that the public trading of spot Ether ETFs might begin by the end of this summer.<a href="https://cryptotale.org/bitwise-revises-s-1-for-spot-ether-etf-as-pantera-potential-100m-investment/" rel="noopener noreferrer nofollow">Read more on CryptoTale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Bitwise Revises S-1 for Spot Ether ETF as Pantera Potential $100M Investment

CryptoTale

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