Bitwise throws spot NEAR ETF in race for SEC approval
- Bitwise Asset Management filed an S-1 form with the U.S. SEC on May 6, 2025, to launch a NEAR Protocol ETF that tracks NEAR's price.
- This filing follows Bitwise's strategy to expand crypto ETF offerings beyond major coins and to include altcoins like NEAR, ranked 43rd by market cap.
- The ETF would allow institutional investors to gain NEAR exposure without handling private keys or custody, aligning with the SEC's trend toward approving crypto ETFs.
- Hunter Horsley, CEO of Bitwise, stated that the company is pleased to provide institutional investors with access to NEAR while eliminating the challenges of handling private keys and custody.
- If approved, the ETF could increase NEAR’s legitimacy and institutional engagement, potentially influencing a crypto market rally expected in the latter half of 2025.
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25 Articles
Bitwise Files Spot NEAR ETF Application as Altcoin Fund Race Heats Up
Bitwise files for a NEAR ETF to offer direct exposure to the NEAR token without derivatives. The NEAR ETF will track the CF NEAR-Dollar benchmark with Coinbase Custody as custodian. Bitwise expands its crypto ETF portfolio following growing demand for altcoin exposure. Bitwise Asset Management has officially filed for a spot NEAR ETF with the U.S. Securities and Exchange Commission. The move came through a Form S-1 filing submitted on May 6. The…
Bitwise Takes a Step Closer to NEAR ETF with SEC Filing - Invest In Crypto News
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 …
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