Bitwise Takes a Step Closer to NEAR ETF with SEC Filing
The post Bitwise Takes a Step Closer to NEAR ETF with SEC Filing appeared on BitcoinEthereumNews.com. Bitwise Asset Management has formally submitted a Form S-1 registration statement to the US Securities and Exchange Commission (SEC) to launch the Bitwise NEAR exchange-traded fund (ETF). The filing follows Bitwise’s earlier move on April 24, 2025, when the firm registered a trust entity for the Bitwise NEAR ETF in Delaware. The S-1 marks the natural next step in the process. NEAR Joins the Altcoin ETF Race With Bitwise Filing The proposed ETF aims to track the value of NEAR, the native token of the NEAR Protocol. It is a layer-1 blockchain focused on scalability and decentralized applications. The filing did not specify the exact exchange where the ETF will be listed or the ticker symbol it will use. Coinbase Custody Trust Company, LLC will serve as the custodian. It will be responsible for safeguarding the Trust’s NEAR, managing the Trust’s NEAR account, and facilitating required NEAR transfers. “The Trust’s investment objective is to seek to provide exposure to the value of NEAR held by the Trust, less the expenses of the Trust’s operations and other liabilities. In seeking to achieve its investment objective, the Trust will hold NEAR and establish its net asset value (“NAV”) by reference to the [CF NEAR-Dollar Settlement Price] (the “Pricing Benchmark”),” the S-1 reads. Notably, the move did not impact NEAR’s price. Over the past day, the cryptocurrency has experienced a modest decline of 0.8%. At press time, it traded at $2.3. BeInCrypto data shows that NEAR is the 44th largest cryptocurrency, with a market capitalization of $2.8 billion. NEAR Price Performance. Source: BeInCrypto NEAR now joins Bitwise’s growing list of altcoin ETF applications. The firm already offers ETFs tied to major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). It is also seeking SEC approval for several more, including Dogecoin (DOGE), Solana (SOL), XRP…
The post Bitwise Takes a Step Closer to NEAR ETF with SEC Filing appeared on BitcoinEthereumNews.com.
Bitwise Asset Management has formally submitted a Form S-1 registration statement to the US Securities and Exchange Commission (SEC) to launch the Bitwise NEAR exchange-traded fund (ETF). The filing follows Bitwise’s earlier move on April 24, 2025, when the firm registered a trust entity for the Bitwise NEAR ETF in Delaware. The S-1 marks the natural next step in the process. NEAR Joins the Altcoin ETF Race With Bitwise Filing The proposed ETF aims to track the value of NEAR, the native token of the NEAR Protocol. It is a layer-1 blockchain focused on scalability and decentralized applications. The filing did not specify the exact exchange where the ETF will be listed or the ticker symbol it will use. Coinbase Custody Trust Company, LLC will serve as the custodian. It will be responsible for safeguarding the Trust’s NEAR, managing the Trust’s NEAR account, and facilitating required NEAR transfers. “The Trust’s investment objective is to seek to provide exposure to the value of NEAR held by the Trust, less the expenses of the Trust’s operations and other liabilities. In seeking to achieve its investment objective, the Trust will hold NEAR and establish its net asset value (“NAV”) by reference to the [CF NEAR-Dollar Settlement Price] (the “Pricing Benchmark”),” the S-1 reads. Notably, the move did not impact NEAR’s price. Over the past day, the cryptocurrency has experienced a modest decline of 0.8%. At press time, it traded at $2.3. BeInCrypto data shows that NEAR is the 44th largest cryptocurrency, with a market capitalization of $2.8 billion. NEAR Price Performance. Source: BeInCrypto NEAR now joins Bitwise’s growing list of altcoin ETF applications. The firm already offers ETFs tied to major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). It is also seeking SEC approval for several more, including Dogecoin (DOGE), Solana (SOL), XRP…
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