ETF issuer Bitwise updated the S-1 form for the Ethereum spot ETF yesterday, becoming the first among all ETF issuers to submit in recent times, revealing that cryptocurrency venture capital firm Pantera Capital will invest $100 million. Will the SEC approve an Ethereum spot ETF before the end of the month, as predicted by Bloomberg, and inject another shot in the arm to the community?
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TogglePantera Capital intends to buy $100 million in ETHW
It appears in Bitwise’s updated filing that cryptocurrency venture capital firm Pantera Capital will invest $100 million in Bitwise’s Ethereum ETF (code ETHW) and promise not to sell on the public market within six months.
Bloomberg ETF analyst Jamse Seyffart believes that Pantera Capital is an investor in Bitwise, and it has also invested $200 million in the Bitwise Bitcoin Spot ETF (code BITB).
Bloomberg predicts there is a chance of listing approval in early July
Seyffart believes that Bitwise’s revised document is the first among all recent ETF issuers to submit it. This will include revisions to their first-round evaluation by the U.S. Securities and Exchange Commission (SEC), but the content still does not mention expense ratios, and he is not sure whether more rounds of revisions are needed.
Bloomberg ETF analyst Eric Balchunas has advanced the expected listing date of the Ethereum spot ETF to July 2 over the weekend, and said that the issuer and the SEC have started talks, and the SEC has the opportunity to announce the S-1 approval next week. , when the S-1 is approved, the ETF can usually be listed the next day.
( Bloomberg Analyst: Ethereum spot ETF may be listed in early July )
The U.S. Securities and Exchange Commission (SEC) has officially approved Form 19b-4 for eight Ethereum spot ETFs on May 23, and ProShares, the issuer of Bitcoin Strategy ETF (BITO), also submitted Form S-1 to the SEC on June 11. (But its 19b-4 form has not yet been approved), officially joining the Ethereum spot ETF battle.
( BITO issuer ProShares officially joins the Ethereum spot ETF battle )
Will the SEC rush to approve an Ethereum spot ETF before the end of the month, injecting another shot in the arm into the community?
