

Bitwise is looking to list an exchange-traded fund that tracks NEAR, the native token of the NEAR protocol
If approved, the Bitwise NEAR ETF will track the price of NEAR minus the expenses of the fund's operations, with Coinbase acting as the custodian.
Digital asset manager Bitwise is looking to list an exchange-traded fund that tracks NEAR, the native token of the NEAR protocol, according to a Tuesday filing with the Securities and Exchange Commission.
If approved, the Bitwise NEAR ETF will track the price of NEAR minus the expenses of the fund’s operations, with Coinbase acting as the custodian. The management fees and ticker weren’t included in the filing.
The fund “provides investors with the opportunity to access the market for NEAR through a traditional brokerage account without the potential barriers to entry or risks involved with acquiring and holding NEAR directly,” according to the filing. It won’t use derivatives.
Bitwise did not respond to etf.com’s request for comment.
What is NEAR?
NEAR is a digital asset and the native token of the NEAR protocol, a decentralized application platform for developers that focuses on user-friendliness. The protocol is a competitor of Ethereum, the blockchain platform with the native token Ether, the second-largest crypto by market capitalization after Bitcoin.
NEAR’s market capitalization is $2.7 billion as of Wednesday morning, making it the 33rd-largest crypto, according to data from CoinMarketCap.
The Rise of Altcoin ETFs
With Bitcoin and Ether spot ETFs gaining SEC approval last year, asset managers are seeking approval for a slew of other altcoins, including Litecoin, Solana and Cardano.
But in many cases, we’re not likely to hear back from the SEC on those filings for at least a few months, Bryan Armour, director of ETF and passive strategies research for North America at Morningstar, told etf.com.
“With that said, it certainly seems that the SEC has become more crypto-friendly,” Armour said. “The odds of approval are higher than with the previous administration, and I would say the timeline is shorter—if they were to be approved—than it would have been before the new administration.”
As an example of that friendlier stance towards crypto, he referred to the launch of the Teucrium 2x Long Daily XRP ETF (XXRP) before the futures market had even opened. “Historically, Ethereum and Bitcoin ETFs were built around a more mature futures offering on CME.”
Gains Never Guaranteed
Armour said investors should remember that just because an ETF may be approved doesn’t mean the price of the underlying token will necessarily go up or that the ETF will gain assets.
“There’s a pretty significant drop off from Bitcoin to Ethereum, and Ethereum is significantly larger in market size than a lot of the altcoins that are being filed for,” Armour said.
News data source: kdj.com
The above is the detailed content of Bitwise is looking to list an exchange-traded fund that tracks NEAR, the native token of the NEAR protocol. For more information, please follow other related articles on the PHP Chinese website!

Hot AI Tools

Undress AI Tool
Undress images for free

Undresser.AI Undress
AI-powered app for creating realistic nude photos

AI Clothes Remover
Online AI tool for removing clothes from photos.

Clothoff.io
AI clothes remover

Video Face Swap
Swap faces in any video effortlessly with our completely free AI face swap tool!

Hot Article

Hot Tools

Notepad++7.3.1
Easy-to-use and free code editor

SublimeText3 Chinese version
Chinese version, very easy to use

Zend Studio 13.0.1
Powerful PHP integrated development environment

Dreamweaver CS6
Visual web development tools

SublimeText3 Mac version
God-level code editing software (SublimeText3)

Hot Topics











In today's increasingly popular digital asset trading, it is particularly important to understand how to safely and effectively withdraw your digital assets. As a world-renowned digital asset trading platform, ok exchange provides convenient currency withdrawal services. This tutorial will analyze in detail the steps of withdrawing coins on the ok exchange, things to note, and some common questions and answers to help users complete asset transfer smoothly and ensure asset security. Whether you are using ok exchange for withdrawals for the first time or want to further understand the withdrawal process, this article will provide you with clear and practical guidance.

Cryptocurrencies that are expected to become "100 times coin" in 2026 include Bitcoin, Ethereum, Solana, Chainlink, Polkadot, Ripple and emerging track projects such as AI blockchain, MEME coins, and GameFi. 1. Bitcoin (BTC) may reach US$150,000-200,000 due to the halving effect, institutional increase and regulatory clarification; 2. Ethereum (ETH) benefited from ecological upgrades, pledge returns and possible ETF approvals, with a target price of US$20,000; 3. Solana (SOL) may hit US$1,000 with high performance and ecological expansion; 4. Chainlink (LINK) is the leader in oracle, driven by the integration of AI and RWA, and the price may be sudden.

Contents 1. What is ICN? 2. ICNT latest updates 3. Comparison and economic model between ICN and other DePIN projects and economic models 4. Conclusion of the next stage of the DePIN track At the end of May, ICN (ImpossibleCloudNetwork) @ICN_Protocol announced that it had received strategic investment in NGPCapital with a valuation of US$470 million. Many people's first reaction was: "Has Xiaomi invested in Web3?" Although this was not Lei Jun's direct move, the one who had bet on Xiaomi, Helium, and WorkFusion

In the world of digital assets, the activity of trading platforms is the core yardstick for measuring their market position, depth of liquidity and user trust. The 24-hour trading peak, this seemingly simple number, condenses the comprehensive strength of a platform. It not only reflects the market's popularity and capital flow in a specific time, but also reveals the platform's competitiveness in multiple dimensions such as asset diversity, trading engine performance, risk control system, and global user base. When a huge number of buy orders and sell orders collide in a short time, the platform's server carrying capacity, order matching efficiency and fund clearing speed are all

Ouyi APP is a platform that provides cryptocurrency trading and financial services. It supports various trading functions such as spot, contracts, options, and has leverage, lending, and financial management. Its interface is simple and intuitive, suitable for all kinds of users, and pays attention to technical security. To ensure safety, it is recommended to download the application through the official website. The steps for downloading and installation are as follows: 1. Visit Ouyi official website and find the "APP Download" entrance; 2. Select the corresponding download method according to the device or scan the QR code; 3. Ensure that the file source is reliable and avoid unknown sources of third parties; 4. Download from the app store and click on the installation directly to keep the network stable; 5. If the installation file needs to be manually run and authorized for installation permissions; 6. Click the icon to start the application after the installation is completed; 7. Register or log in to the account and set a strong

The latest virtual currency transaction portal addresses include Binance, OKX, Huobi (HTX), KuCoin, Coinbase, Kraken, Bybit, Gate.io, Bitget and MEXC. 1. Binance ranks first in the world with its BNB Chain ecosystem and strong trading depth, providing diversified services such as Launchpad and currency earning; 2. OKX integrates CEX and DeFi, supports unified account multi-type transactions, and provides practical tools such as encryption calculator; 3. After Huobi's renamed HTX, it continues its stable style, focusing on PrimeList and Candydrop activities to attract investors; 4. KuCoin is known for its rich currency,

Binance and Huobi HTX are the world's leading cryptocurrency exchanges, each with their own advantages. 1. Binance was established in 2017, with large transaction volume and strong liquidity, providing rich financial derivatives and comprehensive ecosystem services; 2. Huobi HTX was established in 2013, with a long history and a deep user base in the Asian market, especially in the Chinese community; 3. In terms of handling fees, both adopt a stepped rate structure, and ordinary users can enjoy discounts by holding platform coins.

A potential breakthrough for Bitcoin eyes, Ethereum expands its ecosystem, and Dogecoin…well, it’s still Dogecoin. Let's dive into the latest cryptocurrency updates! The crypto world never stops! Bitcoin is testing new highs, Ethereum continues to build, and Dogecoin is still... Dogecoin. Let’s take a look at the latest progress in Bitcoin, Ethereum and Dogecoin to see what is changing in the digital currency field. Bitcoin: Horizontal fluctuations and high forecasts Bitcoin has performed relatively smoothly recently. Although it is in a bull cycle, the price is still consolidating sideways. Cryptocon pointed out that the market is currently in a slow rising stage and the rebound time is still short. But don't be discouraged! TedPillow believes Bitcoin will follow the S&P 500 index