NEAR Price Surges Bitwise Registers ETF

Bitwise Registers Near Protocol ETF in Delaware

• Bitwise has registered a Near Protocol ETF with the Division of Corporations in Delaware.
• The registration was made under the entity name ‘BITWISE NEAR ETF’ on April 24.
• This step is typically the first in filing for a spot ETF with the US SEC.
• The SEC’s approval process will involve reviewing S-1 and 19b-4 forms.
• The move could increase institutional access to the Near Protocol ecosystem.

Bitwise’s registration of a Near Protocol ETF in Delaware marks an initial step towards seeking SEC approval, potentially boosting NEAR price due to increased institutional interest. However, the timeline for filing with the SEC remains uncertain.