Bitwise Files for First-Ever NEAR ETF

Crypto asset manager Bitwise has officially submitted a proposal to the U.S. Securities and Exchange Commission (SEC) seeking approval to launch the first-ever NEAR exchange-traded fund (ETF). This move would allow investors to gain exposure to the NEAR Protocol, a rapidly growing Layer-1 blockchain, without directly managing or storing cryptocurrency. The ETF would enable them to invest in NEAR through traditional stock market methods, eliminating the need for direct purchase or storage of cryptocurrencies. 2025 marks a significant step for Bitwise as they aim to provide accessible regulated products based on cryptocurrency assets.