Bitwise Submits Ethereum Spot ETF S-1 Amendment to SEC, Panterra Plans to Invest $100 Million

Bloomberg ETF analyst James Seyffart said in a post on X that Bitwise has submitted an S-1 revised document for the Ethereum spot ETF to the US SEC, which will include changes after the SEC's first round of comments. It is not clear whether more rounds of comments are needed, and the cost of the product has not been disclosed. Seyffart said: "Based on this document, it is impossible to tell when these products will be launched. It may not require any additional updates, or it may need adjustments. But it still needs to wait for the final approval of the SEC. The release time depends mainly on the SEC. Eric Balchunas (another Bloomberg ETF analyst) and I believe that the Ethereum spot ETF should be launched before July 4." It also pointed out: "It looks like Panterra will invest $100 million in the Bitwise Ethereum ETF (ETHW). Panterra is an investor in Bitwise (I think) and invested $200 million in its Bitcoin ETF (BITB) (Panterra did not submit a 13F document, saying that it still holds BITB).