NEAR Protocol Price Surges After Grayscale Files for NEAR ETF

Updated

January 22, 2026

Gambar NEAR Protocol Price Surges After Grayscale Files for NEAR ETF

Jakarta, Pintu News – Grayscale Investments has filed an S-1 form with the US Securities and Exchange Commission (SEC) to convert Grayscale Near Trust into a spot ETF. As a result, the price of NEAR Protocol rose by more than 3% despite the general crypto market decline on January 21, 2026.

Grayscale Files NEAR ETF Application with US SEC

Based on a Form S-1 document filed with the US Securities and Exchange Commission (SEC) on January 20, Grayscale plans to convert the Near Trust into an ETF. In addition, the company also intends to rename the trust as the Grayscale Near Trust ETF.

If the registration is approved, shares of this ETF currently traded on the OTCQB market under the ticker GSNR will be moved to the NYSE Arca exchange. Fees and other details will be announced in subsequent filings with the SEC.

Grayscale also includes a clause regarding possible staking. If the conditions for staking are met, “the Organizer anticipates that the Trust will enter into a written agreement with the custodian for the staking of the Trust’s NEARs to one or more verified third party staking providers.”

CSC Delaware Trust Company was appointed as trustee, The Bank of New York Mellon acted as transfer agent and administrator, while Continental Stock Transfer & Trust Company was the co-transfer agent for this trust.

In addition, Coinbase Inc will serve as the prime broker, and Coinbase Custody Trust Company LLC the custodian. This Grayscale NEAR Trust ETF will follow the NEAR Protocol spot price based on the CoinDesk NEAR CCIXber Reference Rate.

In response to this filing, Bloomberg’s ETF analyst James Seyffart said that “Crypto ETP product filings continue to come across the SEC’s desk.” Previously, Grayscale has also registered trusts for the BNB ETF and Hyperliquid ETF in Delaware.

NEAR Protocol Price Rises More than 3%

On January 21, 2026, the price of NEAR Protocol had jumped 3%, reducing losses amid the crypto market crash. At that time, the NEAR price was trading at $1.54, with a 24-hour low and high (1/21) of $1.50 and $1.60, respectively.

In addition, trading volume increased by 22%, signaling increased interest from traders. However, NEAR’s price is still below its 50-day and 200-day moving averages.

Data from CoinGlass shows buying activity in the derivatives market in recent hours. Total open interest (OI) for NEAR Protocol futures contracts rose nearly 2% to $229 million in the last 4 hours. Futures OI on the Binance, OKX, and Bybit platforms each saw an increase of more than 2%.

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