Bitwise Asset Management has filed for a spot NEAR ETF with the SEC, designating Coinbase Custody as its custodian. The application, made public on May 6, 2025, aims to track the NEAR token's price movements.
If approved, the ETF could attract institutional investments in NEAR, increasing mainstream accessibility and market confidence.
Despite broader downturns in the altcoin market, NEAR's price has shown stability. The filing reflects cautious optimism, and regulatory approvals may bolster cryptocurrency exposure for institutional investors.
Full story here: https://coincu.com/336128-bitwise-near-etf-sec-application
