Bitwise has officially filed for the registration of a NEAR-based ETF in Delaware. This move may mark the beginning of the process for obtaining regulatory approval.
ETF Registration in Delaware
By registering the 'Bitwise NEAR ETF', Bitwise makes a significant step in forming an ETF. This filing was confirmed by Bitwise CEO and co-founder Hunter Horsley.
Cryptocurrency NEAR and Its Market
The cryptocurrency NEAR ranks 43rd by market capitalization and has shown modest gains, trading slightly above $2.60, according to data from The Block.
Future of Crypto Investment Products
Bitwise is actively working on expanding its ETF lineup, adding NEAR to its portfolio of digital assets. The company has previously registered similar ETFs based on assets like Dogecoin and Aptos.
The filing for a NEAR-based ETF indicates a growing interest in regulated crypto investment vehicles and highlights Bitwise's position in the market.
