Bitwise takes the lead in updating Ethereum spot ETF documents! Pantera Capital will invest $100 million

ETF issuer Bitwise updated the S-1 form for the Ethereum spot ETF yesterday, the first of all recent ETF issuers to file, which revealed the 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, to inject another shot in the arm into the community?

Pantera Capital intends to buy $100 million in ETHW

It appears in an updated document from Bitwise that cryptocurrency venture capital firm Pantera Capital will invest $100 million in Bitwise’s Ethereum ETF (ticker ETHW) and promised not to sell on the open 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 (ticker BITB).

Bloomberg estimates there is a chance of approval for listing in early July

Seyffart believes that Bitwise’s revised document is the first among all ETF issuers to submit in recent times. 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 it next week The S-1 approval takes effect, and when the S-1 is approved, the ETF can usually be listed the next day.

The U.S. Securities and Exchange Commission (SEC) has officially approved Form 19b-4 for eight Ethereum spot ETFs on 5/23. ProShares, the issuer of Bitcoin Strategy ETF (BITO), also submitted a request to the SEC on 6/11. Submitted the S-1 form (but its 19b-4 form has not yet been approved) and officially joined the Ethereum spot ETF battle.

Will the SEC approve an Ethereum spot ETF before the end of the month to inject another shot in the arm into the community?

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