Bitwise Investments, a leading company in cryptocurrency asset management offering a range of investment products and services focused on digital assets, has made changes to its S-1 filing with the U.S. Securities and Exchange Commission (SEC) for its ether-based exchange-traded fund (ETF). The updated filing reveals that the company has received $2.5 million in seed investment interest.
As various companies prepare to list their spot ether ETFs, there have been updates to their S-1 registrations with the SEC. Bitwise’s filing this week disclosed the $2.5 million in seed investment interest and identified Pantera as one of the interested parties.
Pantera Capital, an American hedge fund and venture capital firm specializing in digital assets and led by CEO Dan Morehead, has shown 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 Bitwise S-1 filing 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.” Currently, Bitwise’s BITB spot bitcoin ETF 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 showing seed interest? Feel free to share your opinions about this topic in the comments section below.
