Home » Bitwise Targets NEAR With New Spot ETF Proposal Amid Altcoin ETF Push

Bitwise Targets NEAR With New Spot ETF Proposal Amid Altcoin ETF Push

08.05.2025 8:00 1 min. read Alexander Stefanov
SHARE: SHARES
Bitwise Targets NEAR With New Spot ETF Proposal Amid Altcoin ETF Push

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.

Telegram

SHARE: SHARES
More Altcoins News

21Shares Launches Cronos ETP in Europe

In a significant move for crypto investment accessibility, Swiss asset manager 21Shares has introduced a new exchange-traded product (ETP) tied to the Cronos blockchain’s native token, CRO.

08.05.2025 11:00 2 min. read Alexander Stefanov

Standard Chartered Predicts Sharp Rise for BNB as Institutional Momentum Builds

Standard Chartered has released a bullish forecast for Binance Coin (BNB), projecting its price could reach approximately $1,275 by the end of 2025 and potentially climb to $2,775 by 2028.

08.05.2025 9:00 1 min. read Alexander Stefanov

Visa Backs Stablecoin Startup BVNK in Latest Crypto Payments Bet

Global payments giant Visa has made a strategic investment in BVNK, a London-based startup specializing in stablecoin infrastructure, underscoring its ongoing commitment to digital asset innovation. BVNK announced the investment on May 7, noting that the backing came through Visa Ventures, the company’s investment division. While financial terms were not disclosed, BVNK characterized the move […]

07.05.2025 17:32 3 min. read Amin Ayan

MELANIA Token Frenzy Sparks Insider Concerns and Blockchain Backlash

A handful of crypto wallets made close to $100 million in minutes by trading the MELANIA token—launched under the name of First Lady Melania Trump—just before its official debut, raising fresh concerns about insider manipulation in political-themed crypto projects.

06.05.2025 20:00 2 min. read Alexander Stefanov
No Comments yet!

Your Email address will not be published.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.