Bitwise has filed for a NEAR ETF as a Delaware trust company, signaling continued interest in diverse crypto ETFs. Bitwise Asset Management CEO Hunter Horsley confirmed the filing. NEAR, ranked around 34-43rd by market cap, has seen a price increase, currently trading around $2.60-$2.70.
This move follows similar filings by Bitwise for Dogecoin, Aptos, and XRP ETFs. The SEC is considering numerous ETF proposals, including those tracking Solana, XRP, and Dogecoin. Recent reports indicate the SEC has delayed decisions on other crypto ETF applications, including those from Grayscale and Canary Capital, until June.
The filing for a NEAR ETF represents a significant step towards broader institutional exposure to the NEAR protocol. The move has also correlated with a recent surge in NEAR's price, with a weekly gain of over 25%. The cryptocurrency market is showing positive signs with an increase in market capitalization.