**🚀 BITWISE FILES NEAR PROTOCOL ETF! Is This the Start of the Altcoin ETF Rally?**

### **🔥 Breaking News**

Bitwise Asset Management has officially **filed for a NEAR Protocol ETF** with the Delaware regulators! This is the **first ETF for NEAR**, marking a new wave of altcoin ETFs after the success of the Bitcoin & Ethereum ETFs.

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### **📌 Key Points**

✅ **NEAR Protocol Selected**:

- This blockchain focuses on **dApps & AI**, competing with Ethereum & Solana.

- Market cap #41, price **$2.61 (+3% today)** after the announcement.

✅ **Long Process Ahead**:

- Needs **SEC approval** (under a more crypto-friendly Trump administration).

- Joining the queue of other altcoin ETFs (**Solana, XRP, Dogecoin**).

✅ **Big Trend: Altcoin ETF Boom?**

- After the success of Bitcoin & Ethereum ETFs, **asset managers like Grayscale & Bitwise are starting to target altcoins**.

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### **💡 What’s the Impact?**

- **NEAR's price could remain bullish** if ETF sentiment strengthens.

- **Opportunities for other altcoins (SOL, XRP, DOGE) could rise** if their ETFs are approved.

- **Institutions are getting more serious about entering crypto** through regulated products.

**#nearprotocol #etf #Bitwise #crypto #Altcoinseason2024 🚀**

*Disclaimer: Not financial advice. Do your own research before investing!*