Bitwise quietly prepares Spot ETF for NEAR – A big opportunity for the Layer 1 ecosystem?
In a promising move for the crypto market,
#Bitwise – one of the leading digital asset management companies in the US – has officially registered a new entity named “NEAR ETF” in the state of Delaware 🇺🇸.
This is often the first step in the filing process
#SpotETF with the U.S. Securities and Exchange Commission (SEC). If expectations are met, Near Protocol (NEAR) will become one of the next Layer 1 tokens to have its own ETF, following Bitcoin and Ethereum.
This move not only demonstrates Bitwise's confidence in the long-term potential of
$NEAR , but also reflects the trend of traditional financial products expanding into the Web3 space. With its position as a fast, low-fee, and user-friendly blockchain, Near could greatly benefit if the ETF is approved.
This is also a positive signal for the entire crypto market, indicating that institutional capital is still seeking to access infrastructure blockchains in a more formal and transparent manner.
Risk warning: The cryptocurrency market always carries inherent risks and high volatility. The content of this article is not investment advice. Readers should conduct thorough research before making financial decisions.