- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Bitwise Files First Spot NEAR ETF, Eyes Broader Crypto Market Access
By: cryptosheadlines|2025/05/07 20:15:02
0
Share
Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Bitwise Asset Management has filed a new application with the U.S. SEC for a spot NEAR exchange-traded fund (ETF). This move introduces NEAR Protocol into the expanding list of altcoins seeking regulated investment vehicles. The filing marks a notable attempt to integrate altcoins into traditional financial markets through ETFs.Bitwise Sets Sights on NEAR-Based ETF LaunchBitwise’s proposed ETF aims to track the price of NEAR tokens while subtracting fund management expenses. The fund will not require direct ownership of NEAR, simplifying access for traditional investors. It intends to provide regulated exposure through familiar brokerage platforms.Bitwise has filed a Form S-1 with the U.S. SEC to launch the Bitwise NEAR ETF, which will track the value of NEAR held by the trust, net of operating expenses and liabilities. https://t.co/dUCKFpx5i7— Wu Blockchain (@WuBlockchain) May 6, 2025Coinbase Custody will handle secure token storage and serve as the fund’s official custodian. This structure helps reduce risk by ensuring institutional-grade asset protection. The ETF will rely on the CF NEAR-Dollar Settlement Price to determine net asset value.The fund enables share creation and redemption, which helps maintain liquidity in market trading. Although fees and trading details remain undisclosed, the structure mirrors other approved digital asset ETFs. Investors can expect simplified access to NEAR without needing crypto wallets.Growing Altcoin ETF Interest Follows Bitcoin, Ethereum ApprovalsThe NEAR filing reflects rising interest in altcoins after regulators approved Bitcoin spot ETFs earlier in 2024. Ethereum ETFs followed, encouraging asset managers to pursue other coins for similar regulated offerings. Investors have responded positively, signaling a growing appetite for broader crypto exposure.Growing Altcoin ETF Interest Follows Bitcoin, Ethereum ApprovalsBitwise now joins firms like Grayscale and BlackRock in seeking altcoin ETF approvals from the SEC. Other pending applications cover assets such as Solana, Cardano, and XRP. These efforts reveal a competitive race to secure regulated access to blockchain-based projects.Altcoin markets experience higher price movements than Exchange-Traded Funds that provide investors with risk management solutions and transparent investment structures. ETFs operate under regulations to create a bridge between digital currency and traditional financial systems. Through this structure institutions gain enhanced ability to investigate crypto solutions with peace of mind.NEAR Protocol Gains Visibility in Institutional MarketsNEAR Protocol, a layer-1 blockchain known for scalability, now gains potential access to traditional finance through Bitwise’s filing. The protocol supports fast transactions and has gained traction among decentralized application developers. Its technical foundation supports high throughput and low fees.NEAR Protocol Gains Visibility in Institutional MarketsAdding NEAR to a regulated ETF could increase adoption and visibility beyond the crypto-native community. Investors who previously avoided direct token purchases may consider ETF shares instead. This shift could strengthen NEAR’s position within the digital asset ecosystem.Bitwise’s decision signals confidence in NEAR’s long-term viability and investment value. As the regulatory climate evolves, such filings also test the SEC’s openness to diverse crypto assets. The outcome may influence future strategies for altcoin-based investment products.FAQsWhat is the Bitwise NEAR ETF?The Bitwise NEAR ETF is a proposed investment fund tracking NEAR token prices via the CF NEAR-Dollar Settlement Price.Who will hold the NEAR tokens?Coinbase Custody will serve as the custodian, managing secure storage of the fund’s underlying NEAR assets.How does this ETF differ from buying NEAR directly?The ETF provides regulated exposure to NEAR without requiring investors to own or manage the digital token themselves.When will the ETF begin trading?The ETF must receive SEC approval first; no official trading date or exchange listing has been announced yet.Why is Bitwise launching a NEAR ETF now?Rising institutional interest in altcoins and prior ETF approvals for Bitcoin and Ethereum have encouraged similar filings for other tokens.Glossary of Key TermsETF (Exchange-Traded Fund): A type of investment fund traded on stock exchanges, tracking the performance of assets or indices.NEAR Token: The native cryptocurrency of the NEAR Protocol, a scalable layer-1 blockchain.Spot ETF: A fund that directly holds the underlying asset instead of derivatives or futures contracts.Custodian: An institution responsible for safely holding assets on behalf of an investment fund.SEC (Securities and Exchange Commission): The U.S. regulator overseeing securities markets and investment products.Creation and Redemption: Processes that allow authorized participants to add or remove ETF shares based on investor demand.Reference: XSECCointelegraph Source link
You may also like
Why did the star Web3 project Across Protocol choose to abandon DAO?
The proposal for Across to privatize itself is a rare move, but it comes at a time when the industry is beginning to recognize that DAOs are a difficult organizational structure to operate.
In fact, ETH scaling is a major benefit for L2
ETH has finally admitted defeat—its Rollup-centric roadmap is unworkable, while the monolithic scaling solutions adopted by blockchains like Solana have proven to be correct.
Memories: 10 Key Contributions of the TON Core Team That Few People Knew in the Early Days
Every line of code, every tool we build, every sleepless night spent maintaining the network—these efforts have laid the foundation for TON's development today.
2025 South Korea CEX Listing Post-Mortem: Investing in New Coins = 70% Loss?
The 2025 South Korean exchange's new token listing performance is structurally similar to Binance's, with no significant differences.
BIP-360 Analysis: Bitcoin's First Step Towards Quantum Immunity, But Why Only the "First Step"?
This article explains how BIP-360 reshapes Bitcoin's quantum defense strategy, analyzes its enhancements, and discusses why it has not yet achieved full post-quantum security.
50 million USDT exchanged for 35,000 USD AAVE: How did the disaster happen? Who should we blame?
Due to a fatal flaw in the transaction path, a $50 million DeFi operation was executed with almost zero protection, resulting in nearly the entire amount of funds evaporating in a tiny liquidity pool.
The Cryptographic Past of the Middle East
Reality is often more exciting than fiction.
Resolving the Intergenerational Prisoner's Dilemma: The Inevitable Path of Nomadic Capital Bitcoin
When the baby boomer generation collectively sells off, who will become the "greater fool" in the next round of asset crashes?
Who Will Control AI? Why Decentralized AI May Be the Only Alternative to Government and Big Tech
AI has become critical infrastructure, and governments and corporations are competing to control it. Centralized development and regulation are entrenching existing power structures. The Web3 community is building a decentralized alternative — distributed compute, token incentives, and community governance — before that window closes.
Vitalik wrote a proposal teaching you how to secretly use AI large models
Vitalik believes that in the AI era, users should not have to give up their identity to use an AI tool.
On the eve of the explosion of on-chain options
Options are becoming a new anchor in the cryptocurrency market.
WEEX AI Hackathon: How Did This AI Trading Winner Succeed?
A self-taught AI trading enthusiast achieved top-10 results at the WEEX AI Hackathon. Learn about the mindset, AI tools, and lessons behind this impressive performance.
One Balance to Rule Them All: Gravitas' On-Chain Prime Broker Ambition
Forty years ago, a technological revolution broke the isolation of information, reshaping Wall Street. Forty years later, Grvt aims to break the isolation of capital with an on-chain prime brokerage model.
That person who cashed out at the NFT peak is now selling a new shovel in the OpenClaw craze
A skilled person never picks the table, they eat meat with every bite.
Inter-generational Prisoner's Dilemma Resolution: The Nomadic Capital and Bitcoin's Inevitable Path
When the Baby Boomer generation collectively sells off, who will be the "bag holder" in the next asset crash?
Upstream and downstream are starting to fight, all for the sake of everyone being able to "Lobster"
「Lobster」 may not be a mature product yet, but it has already ushered in a new era of 「AI Assistants」.
Circle and Mastercard Announce Partnership, the Next Stage for the Crypto Industry Belongs to Payments
Stablecoins are transitioning from a speculative tool to real financial scenarios such as payments, cross-border transfers, and store of value.
From 5 Mao per kWh of Chinese electricity to a $45 API export: Tokens are rewriting currency units
When the same unit can both measure hashing power and facilitate payments, it ceases to be just a term and begins to evolve into a new currency of both value and influence.
Why did the star Web3 project Across Protocol choose to abandon DAO?
The proposal for Across to privatize itself is a rare move, but it comes at a time when the industry is beginning to recognize that DAOs are a difficult organizational structure to operate.
In fact, ETH scaling is a major benefit for L2
ETH has finally admitted defeat—its Rollup-centric roadmap is unworkable, while the monolithic scaling solutions adopted by blockchains like Solana have proven to be correct.
Memories: 10 Key Contributions of the TON Core Team That Few People Knew in the Early Days
Every line of code, every tool we build, every sleepless night spent maintaining the network—these efforts have laid the foundation for TON's development today.
2025 South Korea CEX Listing Post-Mortem: Investing in New Coins = 70% Loss?
The 2025 South Korean exchange's new token listing performance is structurally similar to Binance's, with no significant differences.
BIP-360 Analysis: Bitcoin's First Step Towards Quantum Immunity, But Why Only the "First Step"?
This article explains how BIP-360 reshapes Bitcoin's quantum defense strategy, analyzes its enhancements, and discusses why it has not yet achieved full post-quantum security.
50 million USDT exchanged for 35,000 USD AAVE: How did the disaster happen? Who should we blame?
Due to a fatal flaw in the transaction path, a $50 million DeFi operation was executed with almost zero protection, resulting in nearly the entire amount of funds evaporating in a tiny liquidity pool.
App