Bitwise has formally filed an S-1 type to launch a spot exchange-traded fund that may observe the efficiency of NEAR Protocol (NEAR).
The belief will supply direct publicity to the thirty third greatest cryptocurrency by market cap.
The current improvement doesn’t come as a shock, on condition that the agency filed paperwork in Delaware for the product final month.
The NEAR value is down 1.12% over the previous 24 hours, in line with CoinMarketCap knowledge.
NEAR is the most recent cryptocurrency to affix the spot ETF race within the U.S. There are current filings for a slew of different tokens, with XRP and Solana (SOL) at the moment being within the lead.