Bitwise, 21Shares Expand Altcoin ETF Race with Near and Cronos Filings
The post Bitwise, 21Shares Expand Altcoin ETF Race with Near and Cronos Filings appeared on BitcoinEthereumNews.com. Two leading digital asset managers are broadening the market for regulated cryptocurrency investment products. Bitwise has filed to list a spot Near ETF in the US, while 21Shares has launched a Cronos ETP on European exchanges. Bitwise Files for Spot Near ETF, Expanding the SEC’s Growing Altcoin Docket In a May 6 filing, Bitwise outlined its intention to launch the Bitwise Near ETF, which would directly track the price of the NEAR token — the native asset of the Near blockchain network. The fund, structured as a trust, aims to offer exposure to NEAR through a conventional brokerage account, minus fund expenses. Coinbase Custody Trust Company is listed as the proposed custodian for the ETF. Details such as the ETF’s ticker symbol, management fee, and preferred stock exchange have not yet been disclosed. Bitwise’s preliminary filing does not mark the beginning of the SEC’s official review. The company must still submit a 19b-4 form, which will trigger the regulatory countdown and pave the way for a potential decision. Bitwise signaled its intention to move forward with the trust when it registered the fund in Delaware on April 28. Bitwise’s move brings NEAR into an increasingly competitive field of altcoin ETF contenders. The SEC is currently sitting on more than a dozen spot crypto ETF applications for various assets including Litecoin (LTC), Dogecoin (DOGE), Solana (SOL), XRP, Cardano (ADA), Hedera (HBAR), Polkadot (DOT), Chainlink (LINK), Avalanche (AVAX), Aptos (APT), and Sui (SUI). Bitwise itself has filed for spot ETFs tied to DOGE, SOL, and XRP, on top of its already approved Bitcoin (BTC) and Ether (ETH) spot ETFs, which are listed on NYSE Arca. Since their launch, those flagship funds have collectively attracted $2.35 billion in net inflows, underlining strong institutional and retail demand for regulated crypto exposure. Why Near? Launched…
The post Bitwise, 21Shares Expand Altcoin ETF Race with Near and Cronos Filings appeared on BitcoinEthereumNews.com.
Two leading digital asset managers are broadening the market for regulated cryptocurrency investment products. Bitwise has filed to list a spot Near ETF in the US, while 21Shares has launched a Cronos ETP on European exchanges. Bitwise Files for Spot Near ETF, Expanding the SEC’s Growing Altcoin Docket In a May 6 filing, Bitwise outlined its intention to launch the Bitwise Near ETF, which would directly track the price of the NEAR token — the native asset of the Near blockchain network. The fund, structured as a trust, aims to offer exposure to NEAR through a conventional brokerage account, minus fund expenses. Coinbase Custody Trust Company is listed as the proposed custodian for the ETF. Details such as the ETF’s ticker symbol, management fee, and preferred stock exchange have not yet been disclosed. Bitwise’s preliminary filing does not mark the beginning of the SEC’s official review. The company must still submit a 19b-4 form, which will trigger the regulatory countdown and pave the way for a potential decision. Bitwise signaled its intention to move forward with the trust when it registered the fund in Delaware on April 28. Bitwise’s move brings NEAR into an increasingly competitive field of altcoin ETF contenders. The SEC is currently sitting on more than a dozen spot crypto ETF applications for various assets including Litecoin (LTC), Dogecoin (DOGE), Solana (SOL), XRP, Cardano (ADA), Hedera (HBAR), Polkadot (DOT), Chainlink (LINK), Avalanche (AVAX), Aptos (APT), and Sui (SUI). Bitwise itself has filed for spot ETFs tied to DOGE, SOL, and XRP, on top of its already approved Bitcoin (BTC) and Ether (ETH) spot ETFs, which are listed on NYSE Arca. Since their launch, those flagship funds have collectively attracted $2.35 billion in net inflows, underlining strong institutional and retail demand for regulated crypto exposure. Why Near? Launched…
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