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ChainCatcher reported that according to Cointelegraph, the digital asset management company Bitwise has filed for a listing of the NEAR ETF to the U.S. Securities and Exchange Commission, adding a new member to the growing number of altcoins currently competing for regulatory approval.
Bitwise's registration statement for Near, issued on May 6, shows that the exchange-traded fund will track the price movements of NEAR tokens through traditional brokers and deduct fees. Bitwise has appointed Coinbase Custody as the custodian for the Bitwise NEAR ETF. Management fees, trading symbol, and listing exchange for the Bitwise NEAR ETF have not yet been specified.