cryptonews 2025-05-07 02:56:30

Bitwise Submits First-Ever NEAR ETF Application to SEC

Bitwise Asset Management has taken a bold step by submitting an application to the US SEC for a spot NEAR exchange-traded fund , marking a major milestone for the altcoin market. The filing, announced on May 6, positions NEAR, a layer-1 blockchain known for its scalability, among a wave of cryptocurrencies seeking ETF approval. This move signals growing investor appetite for diversified crypto exposure through regulated financial products. The Bitwise NEAR ETF aims to mirror the price movements of the NEAR token, minus associated expenses, offering investors a way to gain exposure without directly holding the digital asset. Bitwise has filed a Form S-1 with the U.S. SEC to launch the Bitwise NEAR ETF, which will track the value of NEAR held by the trust, net of operating expenses and liabilities. https://t.co/dUCKFpx5i7 — Wu Blockchain (@WuBlockchain) May 6, 2025 Coinbase Custody Named Custodian for Bitwise NEAR ETF According to the registration statement, Coinbase Custody will serve as the fund’s custodian, ensuring secure storage of NEAR tokens. While details such as the management fee, ticker symbol and target exchange remain undisclosed, the fund is designed to trade on traditional brokerages, making it accessible to mainstream investors. NEAR and Other Altcoins Vie for Regulated Market Exposure with SEC-Approved ETFs This filing comes as the SEC faces mounting pressure to approve crypto ETFs beyond Bitcoin and Ethereum. Currently, several asset managers, including BlackRock and Grayscale, are awaiting decisions on spot ETFs for tokens like Solana , XRP and Cardano . The approval of Bitcoin ETFs in 2024 sparked a surge in institutional interest, with Ethereum ETFs following suit. Now, altcoins like NEAR are vying for a slice of the regulated market, promising diversified portfolios for risk-tolerant investors. Investors Await SEC Decision on New Opportunities in Crypto Bitwise’s ETF will derive its net asset value from the CF NEAR-Dollar Settlement Price, providing a transparent benchmark for performance. The fund’s structure allows for creation and redemption processes. This ensures liquidity for investors. By offering a regulated vehicle, Bitwise aims to bridge the gap between traditional finance and the evolving crypto ecosystem. It makes NEAR more approachable for those hesitant about direct blockchain investments. The race for altcoin ETF approvals is heating up, with NEAR now joining the fray. As regulators weigh the balance between innovation and investor protection, Bitwise’s filing underscores the crypto industry’s push for legitimacy. For now, investors await the SEC’s verdict, which could unlock new opportunities in the dynamic world of digital assets. The post Bitwise Submits First-Ever NEAR ETF Application to SEC appeared first on Cryptonews .

Meist gelesene Nachrichten

North Korea’s Crypto Heists May Force G7 to L...
2025-05-08
Bitcoin (BTC) Statement and $300 Million Move...
2025-05-08
Hunting the 4 Top New Meme Coins to Invest in...
2025-05-08
Bitcoin Daily Inflows Exceed $1 Billion, Hint...
2025-05-08
Ethereum’s price gap with Bitcoin could set s...
2025-05-08
Jetking CEO Plans Massive Raise to Acquire 18...
2025-05-08
Explosive Flare TVL Growth: Soaring 160% Afte...
2025-05-08
Floki Inu price prediction 2025-2031: Can FLO...
2025-05-08

Ähnliche Neuigkeiten

Bybit Forges “Bridges of the World” at Flagship In...
08 May 2025
Donald Trump Calls Jay Powell a ‘Fool’ Amidst Dipp...
08 May 2025
Stripe Unveils Stablecoin Financial Accounts for B...
08 May 2025
PENGU rallies over 25% ahead of Pudgy Penguins NFT...
08 May 2025
Hack Exposes Nearly 60,000 Bitcoin Addresses Linke...
08 May 2025
Unlocking the Future: Strategy Unveils 2025 Bitcoi...
08 May 2025

Lesen Sie den Haftungsausschluss : Alle hierin bereitgestellten Inhalte unserer Website, Hyperlinks, zugehörige Anwendungen, Foren, Blogs, Social-Media-Konten und andere Plattformen („Website“) dienen ausschließlich Ihrer allgemeinen Information und werden aus Quellen Dritter bezogen. Wir geben keinerlei Garantien in Bezug auf unseren Inhalt, einschließlich, aber nicht beschränkt auf Genauigkeit und Aktualität. Kein Teil der Inhalte, die wir zur Verfügung stellen, stellt Finanzberatung, Rechtsberatung oder eine andere Form der Beratung dar, die für Ihr spezifisches Vertrauen zu irgendeinem Zweck bestimmt ist. Die Verwendung oder das Vertrauen in unsere Inhalte erfolgt ausschließlich auf eigenes Risiko und Ermessen. Sie sollten Ihre eigenen Untersuchungen durchführen, unsere Inhalte prüfen, analysieren und überprüfen, bevor Sie sich darauf verlassen. Der Handel ist eine sehr riskante Aktivität, die zu erheblichen Verlusten führen kann. Konsultieren Sie daher Ihren Finanzberater, bevor Sie eine Entscheidung treffen. Kein Inhalt unserer Website ist als Aufforderung oder Angebot zu verstehen