Bitwise, which has already received SEC approval for a Bitcoin spot ETF, submitted its updated S-1 filing to the regulator. The investment management firm added new details to the filing, including the disclosure of its own $2.5 million investment in the fund.

According to the filing, “Bitwise Investment Manager, a subsidiary of the ETF’s issuer, is expected to purchase 100,000 shares of common stock at a price of $25 per share for a total of $2.5 million.”

Pantera Could Invest $100 Million

In a significant development, Bitwise’s filing also revealed that crypto fund manager Pantera Capital is targeting a $100 million investment in the Bitwise Ether spot ETF. However, the filing included a disclaimer stating that “interest in purchasing does not guarantee a purchase. Potential purchasers may purchase more or less than the indicated amount or may not purchase at all.”

As previously reported, the SEC approved 19b-4 filings for Ether spot ETFs in May. For the funds to start trading, the regulator still needs to approve their S-1 filings. Bitwise is the latest Ether ETF issuer to update its S-1 filing.

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