Bitwise Registers First NEAR ETF in the US
- Bitwise Asset Management registered a trust entity named Bitwise NEAR ETF in Delaware.
- This move is a precursor to filing with the SEC for an exchange-traded product tracking NEAR Protocol’s native asset.
- If approved, it would be the first US-based ETF linked to a layer 1 blockchain focused on scalability and developer accessibility.
- Grayscale offers a private placement vehicle for NEAR but not structured as an ETF.
- Bitwise managed over $5 billion in assets as of October 2024, marking a 400% increase that year.
Bitwise’s registration of the NEAR ETF marks a significant step toward providing institutional access to altcoins like NEAR, aligning with broader industry trends and expanding their digital asset offerings beyond Bitcoin and Ethereum.
Source (2.6)https://cryptobriefing.com/near-etf-launch-bitwise/?rand=59535
