Bitwise submits new ETF application
On May 7, the cryptocurrency asset management company Bitwise submitted S-1 documents to the U.S. Securities and Exchange Commission (SEC). The purpose is to seek permission to issue a spot ETF fund tracking the NEAR Token. This is a strategic move to strengthen its presence in the global cryptocurrency financial market.
ETF Fund Details
The fund will be managed by Coinbase Custody. Currently, the trading code, management fees, and listing exchange for this ETF fund have not been disclosed. This shows that Bitwise is being cautious in every step taken.
Legal Procedures
Bitwise registered the NEAR Trust in Delaware on April 28. They also plan to submit document 19b-4 to officially begin the approval process from the SEC. This demonstrates the company's commitment and thorough preparation for the new financial product.
Important Note
The information above is for market information purposes only and is not investment advice. Investors should be cautious and do thorough research before making any decisions.
Source: https://tintucbitcoin.com/near-cho-sec-bitwise-nop-ho-so-etf-moi/
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