Bitwise Asset Management has updated its S-1 registration for a spot Ethereum ETF, disclosing a $2.5 million seed investment and a potential $100 million purchase from Pantera Capital. The update outlines the creation and redemption process of ETF shares in blocks of 10,000. Analysts expect the SEC to approve these ETFs by July 2, allowing trading to commence. Pantera’s interest, while not binding, could significantly boost Bitwise’s market position, reinforcing investor confidence in the product's viability and market impact.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.
