Near ETF Next? Bitwise Seeks Approval Alongside Solana, XRP and Dogecoin Filings

One other day, one other crypto ETF submitting. This time, a crypto asset supervisor is attempting its luck with a fund that, if authorized, would give traders publicity to Close to Protocol. 

A Thursday submitting within the State of Delaware reveals that paperwork to launch a NEAR ETF has been filed by Bitwise. 

Submitting with the State of Delaware is step one in getting such a product authorized. The asset supervisor nonetheless has to file with the Securities and Alternate Fee to get the method formally transferring. 

Close to Protocol is a blockchain utilized by builders for constructing crypto-powered apps, with a specific deal with AI functions. It goals to compete with Ethereum and Solana, and its native coin, NEAR, is the Forty first-biggest digital coin by market cap.



Bitwise didn’t instantly reply to Decrypt’s questions. NEAR is up over 3% on the day to a present worth of $2.61, per information from CoinGecko.

The submitting is the most recent in a lengthy checklist of functions from asset managers hoping to get the inexperienced gentle for brand new crypto merchandise, following the success of the Bitcoin and Ethereum ETFs authorized final 12 months. 

And a brand new, crypto-friendly SEC underneath Republican President Donald Trump—who took workplace in January—has fund managers feeling extra optimistic. 

In consequence, the likes of Grayscale and Bitwise are attempting to get Solana, XRP, and Dogecoin ETFs authorized. Smaller asset managers are even attempting their luck with all the pieces from Pudgy Penguins to TRUMP and BONK funding automobiles. 

Edited by Andrew Hayward