Bitwise Takes Bold Step Toward Launching First-Ever NEAR ETF with SEC Filing!

Updated

May 8, 2025

Gambar Bitwise Takes Bold Step Toward Launching First-Ever NEAR ETF with SEC Filing!

Jakarta, Pintu News – Asset manager Bitwise has taken the next step in its quest to offer the NEAR ETF by filing an S-1 form with the United States Securities and Exchange Commission (SEC).

This development provides a positive outlook for the Near Protocol price, as institutional investors can now gain exposure to the altcoin through this fund.

Bitwise Registers NEAR ETF Filing with US SEC

An official document shows that Bitwise has registered its proposed NEAR ETF with the United States Securities and Exchange Commission (SEC).

The move is part of the company’s plan to launch a fund that directly tracks the price of Near Protocol assets and gives investors exposure to the altcoin.

This comes after Bitwise registered the Near Protocol ETF in the state of Delaware. Following this filing, Bitwise will file a form 19b-4 with the SEC through an exchange.

This move will officially start the approval process, as the exchange will declare its intention to list and trade these funds on their platform.

Currently, the SEC already has several other altcoin ETF filings on its desk, including from Bitwise. The company has previously filed ETFs for Solana, XRP, Dogecoin, and Aptos.

However, the SEC does not seem to be in a hurry to approve these funds, even though the current regulatory environment is considered more crypto-friendly under the new leadership.

As of now, the agency is still delaying a decision on all other crypto ETFs, including the most recent Litecoin ETF filing from Canary Capital.

Insights into NEAR’s Current Price Movement

On the heels of Bitwise’s NEAR ETF proposal, crypto analyst Lycus gives his take on the current Near Protocol price movement.

He stated that the altcoin’s price seems to be stabilizing above the $1.75 support zone.

Lycus added that if NEAR manages to break back through the resistance level at $3.70, then there is potential for a price surge towards the $5 level.

He emphasized that NEAR shows strong price support and advised market participants to wait for the appearance of a small “wick” around the price of $2.65 if they plan to accumulate.

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