Bitwise Submits Application to Launch a NEAR ETF

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Bitwise Asset Management has submitted a registration statement with the US Securities and Exchange Commission (SEC) for a NEAR exchange-traded fund (ETF), as detailed in an S-1 filing.

The NEAR ETF aims to provide investors with exposure to NEAR via a traditional brokerage account, eliminating the need to directly own the digital asset—similar to how Bitwise’s spot Bitcoin ETF, BITB, offers exposure to Bitcoin.

This official submission follows nearly two weeks after Bitwise filed to launch a Bitwise NEAR ETF in Delaware, considered a preliminary step to launching an ETF.

NEAR, the native token of the NEAR Protocol, was trading at $2.30 per token, reflecting a 2.15% decrease over the past day, according to The Block’s NEAR price page.