🔥 Bitwise company registers the first ETF #NEAR traded on the stock exchange in the United States

🔥 The asset management company “Bitwise” has registered the first NEAR ETF traded on the American stock exchange, in a move that reflects the increasing institutional interest in alternative cryptocurrencies.

🔥 The fund was established under the name “Bitwise NEAR ETF” in the state of Delaware, in preparation for a formal application to the U.S. Securities and Exchange Commission (SEC).

🔥 If approved, it will be the first exchange-traded product in the United States focused on the NEAR protocol, designed to enhance scalability and support developers.

🔥 Companies like “21Shares” and “Grayscale” had previously launched investment products linked to NEAR, but Bitwise aims to provide an immediate transparent product that makes it easier for institutions to invest without the complications of custody and key management.

🔥 “Bitwise” indicated that its managed assets exceeded $5 billion as of October 2024, supported by the success of its funds such as BITB, which has grown to $3.6 billion since its launch in early 2024, becoming one of the best-performing Bitcoin funds