- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Bitwise Files for Spot NEAR ETF with SEC – Coincu
By: bitcoin ethereum news|2025/05/07 17:15:01
0
Share
Bitwise filed for a spot NEAR ETF with the SEC. Coinbase Custody will serve as the ETF’s custodian. Market anticipation is muted amid broader altcoin trends. Bitwise Asset Management has filed for a spot NEAR ETF with the SEC, naming Coinbase Custody as its custodian. The application was made public on May 6, 2025. The ETF’s potential approval could foster institutional investment in NEAR, contributing to further market legitimacy. Main Content Bitwise Asset Management has submitted a filing to the U.S. Securities and Exchange Commission to launch a spot NEAR ETF . This financial product is intended to track the price movements of the NEAR token via traditional brokerage platforms, ensuring net of fees. If the ETF is approved, it may steer institutional investments into the NEAR Protocol. This would extend accessibility to mainstream investors, potentially bolstering market confidence and liquidity for the token. As of now, details about the ETF’s ticker symbol and exchange listing remain undisclosed. “The filing is a significant step toward bringing NEAR into the realm of institutional investment.” — Hunter Horsley, CEO, Bitwise Asset Management The filing’s announcement saw NEAR’s token price reflecting stability amid a broader downturn in the altcoin market. Despite the announcement, NEAR leadership and Bitwise executives have not made public comments, reflecting the market’s cautious optimism. NEAR Price Analysis Amid ETF Filing Did you know? Regulatory approvals for cryptocurrency ETFs could significantly increase institutional investment in altcoins. According to CoinMarketCap, NEAR is currently priced at $2.34 with a market cap of $2.83 billion. It holds a market dominance of 0.09%. Over the past 24 hours, trading volume reached $172.38 million, reflecting a 60.31% increase. Notably, NEAR has experienced a 13.19% rise over the last 30 days, despite a 29.67% decline over 90 days. NEAR Protocol(NEAR), daily chart, screenshot on CoinMarketCap at 08:50 UTC on May 7, 2025. Source: CoinMarketCap The Coincu research team suggests regulatory approvals for such ETFs could mainstream cryptocurrency exposure for institutional investors . This would enhance the trustworthiness of altcoins within investment portfolios, aligning with the precedent set by similar Bitcoin and Ethereum products . Source: https://coincu.com/336128-bitwise-near-etf-sec-application/
You may also like
a16z: AI is making everyone 10x more productive, but the true winner has yet to emerge
Institutional AI and Retail AI "Better Integration" is an Inevitable Trend.
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.
a16z: AI is making everyone 10x more productive, but the true winner has yet to emerge
Institutional AI and Retail AI "Better Integration" is an Inevitable Trend.
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.
App