Digital asset management company Bitwise has submitted a registration statement for the NEAR spot Exchange-Traded Fund (ETF) to the U.S. Securities and Exchange Commission, as detailed in the S-1 filing. This NEAR ETF will allow investors to gain exposure to NEAR through traditional brokerage accounts without directly holding the digital asset, similar to Bitwise's spot Bitcoin ETF, BITB. This formal submission is a further step following Bitwise's related application filed in Delaware two weeks ago. NEAR is the native token of the Near Protocol, currently priced at approximately $2.30, having dropped 2.15% in the past 24 hours. Additionally, other companies in the market have proposed ETFs tracking digital assets such as DOGE, PENGU, SEI, and TRX.

NEAR

The digital asset management firm Bitwise submitted a registration statement for a NEAR exchange-traded fund with the U.S. Securities and Exchange Commission, according to an S-1 filing.Bitwise's NEAR ETF would give investors exposure to NEAR through a traditional brokerage account without them having to own the digital asset themselves — much like how Bitwise's spot bitcoin ETF BITB gives investors exposure to bitcoin.The Block reached out to Bitwise for comment.The official submission to the regulator comes nearly two weeks after Bitwise filed to launch a Bitwise NEAR ETF in Delaware, which is seen as a preliminary step to launching an ETF.NEAR, the native token of the Near protocol, traded at $2.30 per token after falling 2.15% in the past day, according to The Block's NEAR price page.Along with NEAR, companies are proposing establishing ETFs tracking the digital assets DOGE, PENGU, SEI, and TRX, among others, The Block previously reported.

Bitwise Submits Registration Application for NEAR Spot ETF