Crypto asset manager Bitwise has taken the first step toward launching a new exchange-traded fund (ETF) tracking the price of NEAR Protocol’s native token.
A Delaware trust company registration for the “Bitwise NEAR ETF” was officially filed on Thursday, according to public records on the state’s website.
The filing, confirmed by Bitwise CEO and co-founder Hunter Horsley, represents an early move in the ETF creation process. While it does not yet constitute a formal application with the U.S. Securities and Exchange Commission (SEC), it sets the foundation for potential future regulatory approval.
NEAR, currently ranked the 43rd largest cryptocurrency by market capitalization, has shown modest gains in recent days, trading slightly above $2.60, based on data from The Block.
This filing adds NEAR to a growing list of digital assets Bitwise is targeting for potential ETF products.
The firm has previously registered similar Delaware entities for crypto-focused ETFs tied to assets such as Dogecoin, Aptos, and XRP. Some of these products have progressed to formal SEC registration stages, including the Bitwise Dogecoin ETF and Bitwise Aptos ETF.
As interest in regulated crypto investment vehicles grows, Bitwise continues to position itself at the forefront of bridging digital assets with traditional finance infrastructure.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/bitwise-files-to-launch-near-based-etf-via-delaware-trust/