Asset 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.
Asset 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.
