Step towards a new achievement in the field of cryptocurrency, Bitwise Asset Control has filed a new exchange-facade funds called “BitWise Near ETF” officially on 6 Might 2025. This ETF especially Near Protocol Will be focused on, which is a rapidly growing Layer-1 Blockchain Platform. This filing will make it easier and accessible for traditional investors to invest in Near Token without any digital wallet or personal key.
What is Near ETF and what is its purpose?
BitWise Near ETF will be a spot ETF, which aims to reflect the Near Token Value directly. This means that this fund will hold a near token in real, so that investors can benefit from fluctuations in the price without purchasing the crypto directly. This is particularly useful for those who are interested in cryptocurrency but want to avoid direct holding from technical or security region.
Near Protocol: A modern layer-1 solution
Near Protocol is an open-source, Ephrin and scalable Layer-1 Blockchain that has been made easier to create a smart contract for developers. It is used to create a desertralized application (DApps) and provides low fees and fast transaction speed than Ethereum. Due to the increasing popularity and technical innovation of NEAR, it is considered a strategic move to launch Bitwise based on this protocol.
Bitwise’s Strategy and Crypto ETF Portfolio
BitWise Funding Advisers, LLC has already launched many Crypto based many ETFs such as Bitcoin and Ethereum. NEAR ETF is a new edition in his series, which clears that the company is making serious efforts to invent the institutional investment in the Various Leading Blockchain projects. This initiative is an important step towards bringing Crypto investment to more transparent and regulated framework.
SEC filing and legal process
BitWise registered a new institution on 24 April 2025 in Delaware State under the name of “BitWise Near ETF”, whose file number is 10174379. Subsequently, on 6 Might, an official filing was done in SEC. The ETF is reviewed by SEC before it is approved, which pays attention to its structure, asset security and investors’ protection. If SEC approves it, it can become the first ETF based on Near in the US.
Current price of Market Impact and Near
The direct impact of this announcement of bitWise Near Value But it was also seen. The Near Value was approximately $ 6.79 at the time of filing. Experts believe that there may be an increase in the demand of NEAR due to increasing the possibility of approval of ETF, which can lead to a positive impact on its price and market cap. It can emerge as a new opportunity for traditional investors.
Conclusion
The filing of Near ETF by BitWise is an important step towards reducing the distance between Crypto and Traditional Financial World. This is not only a validation for Near Protocol, but it will also give institutional investors an easy, safe and regulated way to invest in crypto. As the scope of Crypto ETF increases, it is clear that the future of digital assets will no longer be limited to technical experts, but common investors will also be able to play active roles in it.
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