Bitwise Investments, a leading firm in cryptocurrency asset management, has made an update to its ether-based exchange-traded fund (ETF) S-1 filing with the U.S. Securities and Exchange Commission (SEC), revealing a significant $2.5 million in seed investment interest.
As various companies prepare for the listing of spot ether ETFs, there have been revisions to their S-1 registrations with the SEC. Bitwise has now disclosed the $2.5 million in seed investment interest for its fund, with Pantera Capital being identified as one of the interested parties. Pantera Capital, a prominent American hedge fund and venture capital firm focused on digital assets, led by CEO Dan Morehead, has expressed interest in acquiring $100 million in shares. However, Bitwise has cautioned that this interest is not a binding agreement, and potential buyers may ultimately decide not to purchase any shares.
The S-1 filing from Bitwise states, “Because indications of interest are not binding agreements or commitments to purchase, these potential purchasers could determine to purchase more, fewer or no shares.” Despite this, Bitwise's BITB spot bitcoin ETF currently ranks as the fifth largest in terms of bitcoin assets under management (AUM).
What are your thoughts on Bitwise's updated S-1 filing with the SEC, revealing seed interest? Feel free to share your opinions and perspectives on this matter in the comments section below.