Near ETF Next? Bitwise Seeks Approval Alongside Solana, XRP and Dogecoin Filings
Summary
Bitwise has filed paperwork in Delaware to launch a NEAR Protocol ETF, aiming to provide investors exposure to the blockchain used for crypto-powered apps, particularly AI applications. The filing is the initial step before seeking approval from the Securities and Exchange Commission. NEAR Protocol competes with Ethereum and Solana, with its native coin ranked 41st by market cap. NEAR's price increased over 3% to $2.61. This filing is part of a broader trend of asset managers seeking approval for various crypto ETFs, encouraged by a more crypto-friendly SEC under the current administration.
