Bitwise Registers NEAR-Focused ETF Amid Rising Token Value
Bitwise registers a Delaware statutory trust for a NEAR-focused ETF amid NEAR token’s price increase, indicating potential institutional interest in blockchain...
- The NEAR-focused ETF initiative by Bitwise sees registration.
- NEAR price rose 6.5% post-registration.
- Potential for increased institutional interest.
Bitwise Asset Management has registered a Delaware statutory trust for a NEAR-focused ETF as of April 24, 2025, amid a noticeable price uptick for NEAR tokens.
Bitwise’s NEAR-focused ETF is a potential game-changer, suggesting institutional interest amid continued regulatory scrutiny. NEAR’s price increase highlights growing investor confidence.
Bitwise Asset Management
Bitwise Asset Management has initiated a strategy for launching a NEAR-focused ETF by registering it in Delaware. This move follows similar approaches used for altcoins like Dogecoin and XRP. Bitwise, under CEO Hunter Horsley, remains committed to expanding blockchain-based investment avenues.
NEAR’s registration has generated considerable market activity, with its price appreciating by 6.5% within 24 hours. An additional 26% gain occurred over a week, reflecting optimistic market sentiment. Institutional exposure could be on the horizon if the ETF approval proceeds. As an industry expert remarked, “ETF applications and launches have demonstrably spurred asset price surges shortly after announcement, often followed by retracement unless broader adoption materializes.” source.
The ETF’s filing reflects the industry’s rising interest in blockchain protocols and possible liquidity boosts. While NEAR’s network didn’t showcase immediate on-chain changes, historical trends suggest increased participation and capital allocation upon similar announcements.
Regulatory Hurdles
Regulatory hurdles persist, as seen with other altcoin ETF filings facing SEC delays. However, this ETF registration might fast-track NEAR’s inclusion in institutional portfolios, subject to further regulatory approval. As Hunter Horsley, CEO of Bitwise Asset Management, noted, “Bitwise follows a methodical approach: early Delaware trust registration, then (if demand and regulatory clarity allow) submission of an S-1 application to the U.S. Securities and Exchange Commission (SEC)” source.
Bitwise’s ETF registration shines a light on the potential for broadening crypto market access. It underscores the demand for tokenized investment products, weighing heavily on future technological and regulatory landscapes. The outcome remains contingent on evolving crypto-policies.
More From Crypto News
Crypto Rallies After Fed’s First Rate Increase Since 2023
Rate increases typically weigh on speculative assets by raising the opportunity cost of holding them and strengthening the US dollar. The fact that Bitcoin and...
XRP Leads Crypto Rally Before Senate Vote and Fed Decision
XRP is leading a broad advance across crypto markets as traders position ahead of two back-to-back macro catalysts: a pending Senate vote and a Federal Reserve...
Bitcoin Miners Sign $100B+ in AI and HPC Contracts
Bitcoin mining companies have collectively signed more than $100 billion in AI and high-performance computing contracts, marking a fundamental shift in how the...
Ethereum Price After the Clarity Act’s Failure: What to Watch
Ethereum slipped to $2,388 after the Digital Asset Market CLARITY Act failed to clear a Senate procedural vote, then recovered to trade near $2,413. 54, up 0.
American Reserve Modernization Act Advances to Markup
The American Reserve Modernization Act of 2026 advanced to full-committee markup at the U. S.
Column Expands Stablecoin Card Issuing to Rival Mastercard, Marqeta
Column, a banking infrastructure provider, is expanding its stablecoin card issuing capabilities in a move that positions it as a direct competitor to establish...
