Bitwise Files for Near Protocol ETF in Delaware
- Bitwise has filed paperwork in Delaware for a new crypto ETF based on Near Protocol.
- Near Protocol ranks as the 41st-largest cryptocurrency by market cap.
- The filing is part of a trend, with dozens of altcoin ETFs being proposed recently.
- Near Protocol focuses on blockchain applications, particularly AI, competing with Ethereum and Solana.
- The NEAR token’s price increased over 3% to $2.61 according to CoinGecko data.
Bitwise has initiated the process to launch a Near Protocol ETF by filing in Delaware, aiming to provide investors exposure to the blockchain platform known for its AI application focus. This move aligns with recent trends among asset managers seeking approval for various altcoin ETFs.
Source (2.6)https://decrypt.co/316472/near-etf-next-bitwise-seeks-approval?rand=52368
