Bitwise Files for NEAR ETF in Delaware, Targeting SEC Approval by 2025

Bitwise Asset Management has registered a Delaware trust for an ETF based on the NEAR protocol, aiming for SEC approval by 2025. The filing is a strategic move that follows Bitwise’s previous ETF registration playbook used for Aptos and Dogecoin. CEO Hunter Horsley confirmed that this step is intended to pave the way for institutional investors to gain exposure to NEAR. If approved, the ETF could significantly boost the visibility of the NEAR protocol by attracting both institutional and retail investors, potentially increasing trading volumes and enhancing its market position. The move underscores Bitwise’s commitment to leveraging innovative investment products while following procedures that have previously yielded positive market outcomes for other crypto assets.