Bitwise is expanding its crypto ETF ambitions with a new filing for a spot NEAR ETF, signaling growing institutional interest in altcoins beyond Bitcoin and Ethereum.
The proposed fund would track NEAR Protocol’s token price and use Coinbase Custody for secure asset storage. Full details such as fees, ticker, and exchange venue are still under wraps.
This move follows Bitwise’s earlier registration of a NEAR trust in Delaware, a typical precursor to ETF filings. Once a 19b-4 is submitted, the SEC review process will officially begin.
NEAR joins a crowded field of digital assets now lined up for ETF consideration. The SEC is already reviewing applications tied to Solana, Dogecoin, XRP, Avalanche, and others.
Bitwise itself has multiple ETF filings in play and has already launched successful spot Bitcoin and Ethereum ETFs, which have pulled in more than $2.3 billion in net inflows.
Originally pitched as a scalable Ethereum alternative, NEAR supports high-speed transactions through Nightshade sharding and is now positioning itself as a hub for decentralized AI development. With a market cap of around $2.7 billion, it remains a mid-cap contender with strong technical backing.
As altcoins gain visibility in U.S. markets, Bitwise’s filing may help bring NEAR further into the mainstream — if regulators approve.
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Ethereum co-founder Vitalik Buterin has renewed calls for the network to embrace a more cash-like function, pointing to Sweden’s unexpected return to promoting physical currency as a cautionary tale.
Dogecoin (DOGE), the crypto market’s most iconic meme token, is now entering a critical price zone that could shape its short-term trajectory, according to recent market analysis.
XRP is one of the best-performing tokens of the top 5 apart from Bitcoin (BTC) with year-to-date gains of 11.1%. Trading volumes have subsided a bit as the token has entered a long period of consolidation after a strong rally between November and January. Multiple victories on the legal front, a positive change in the […]