Fun

Bitwise’s amended Ethereum ETF filing says Pantera interested in $100M buy

News Feed - 2024-06-19 03:06:58

Ciaran Lyons2 hours agoBitwise’s amended Ethereum ETF filing says Pantera interested in $100M buyAsset management firm Bitwise has disclosed Pantera is interested in buying its upcoming spot Ether ETF, but it could spend more, less — or nothing at all.1511 Total views10 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksAsset management firm Bitwise revised its spot Ether (ETH) exchange-traded fund (ETF) Form S-1 registration statement, which included a potential $100 million investment in the ETF upon its trading launch.


Bitwise’s June 18 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.


“However, because indications of interest are not binding agreements or commitments to purchase, these potential purchasers could determine to purchase more, fewer or no Shares,” the filing said.


A Form S-1 is a document submitted to the SEC before a security starts trading that includes information on financials, operations and risk analysis.Bitwise "s Form S-1 filing. Source: SEC


The filings are the final part of an approval process before the spot Ether ETFs are allowed to be publicly traded, an event that SEC Chair Gary Gensler believes will happen “sometime over the course of this summer.”


On May 23, the SEC approved 19b-4 filings from eight Ether ETF bidders, but the applications require Form S-1 approvals before the ETFs can begin trading on U.S. exchanges.


Related:Spot Ethereum ETFs may begin trading by July 2 — Bloomberg analyst


The amended filing comes on the same day that the SEC dropped its investigation into whether Ether is a security.


“The Enforcement Division of the SEC has notified us that it is closing its investigation into Ethereum 2.0,” Ethereum developer Consensys said in a June 19 X post.


“This means that the SEC will not bring charges alleging that sales of ETH are securities transactions,” the firm explained.


Magazine:Ethereum’s recent pullback could be a gift: Dynamo DeFi, X Hall of Flame# Ethereum# Adoption# United States# Regulation# Ethereum ETF# ETFAdd reaction

News Feed

Donald Trump on Crypto: ‘I Don’t Want Other Currencies Coming Out and Hurting the Dollar’
Donald Trump on Crypto: "I Don"t Want Other Currencies Coming Out and Hurting the Dollar" Former U.S. President Donald Trump has commented on the growing popularity of cryptocurren
Bitcoin Mining Infrastructure Provider Lancium to Bolster Battery-Powered Demand Response at 25 MW Texas-Based Facility
Bitcoin Mining Infrastructure Provider Lancium to Bolster Battery-Powered Demand Response at 25 MW Texas-Based Facility According to Lancium Inc., a crypto mining infrastructure fi
Technical Analysis: Gamestop Partnership Sends IMX 35% Higher
Technical Analysis: Gamestop Partnership Sends IMX 35% Higher Immutable X avoided Thursday’s red wave, and was one of this week’s biggest crypto gainers, following ne
Russian Parliament Foresees a Wave of Token Issuance for 2021 in the Wake of Crypto Law Promulgation
Russian Parliament Foresees a Wave of Token Issuance for 2021 in the Wake of Crypto Law Promulgation The head of the Russian parliamentary committee on financial
Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate Below Key Resistance Levels
Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate Below Key Resistance Levels Following strong gains during Wednesday’s session, bitcoin and ethereum both saw price
Ezra Reguerra10 hours ago3AC founders fined by Dubai regulator over OPNX exchangeOPNX CEO Leslie Lamb and executives Kyle Davies, Su Zhu and Mark Lamb were all issued a $58,000 fine for violating marketing regulations in
Solana Futures ETFs Hit Wall Street — Will SOL Soar Or Crash?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Automation app IFTTT blamed for recent ‘$Packy’ token scam on X
Martin Young3 hours agoAutomation app IFTTT blamed for recent ‘$Packy’ token scam on Xa16z’s Packy McCormick and Coinbase’s Scott Shapiro were among those targeted by phishing scammers who used their accounts to
Citizens Trust Bank to Hold $65 Million in USDC Reserves as Circle Expands Bank Partnerships
Citizens Trust Bank to Hold $65 Million in USDC Reserves as Circle Expands Bank Partnerships On Friday, the cryptocurrency firm and stablecoin issuer Circle announced that the fina
Every Major Bank Will Have Exposure to Bitcoin, Says Renowned Fund Manager Bill Miller
Every Major Bank Will Have Exposure to Bitcoin, Says Renowned Fund Manager Bill Miller Veteran investor Bill Miller says that all major banks, investment banks,
Crypto Economy Swelled 80,466% Since 2013, Despite $1.5 Trillion Loss in 2022 Downturn
Crypto Economy Swelled 80,466% Since 2013, Despite $1.5 Trillion Loss in 2022 Downturn Nine years and nine months ago, on May 9, 2013, coinmarketcap.com recorded 14 cryptocurrency
Central Bank of Uruguay Describes Roadmap to Crypto Asset Regulation
Central Bank of Uruguay Describes Roadmap to Crypto Asset Regulation The Central Bank of Uruguay has issued a statement describing a roadmap for the regulation of cryptocurrency as