Bitwise Files for Near ETF: Will Approval Fuel Price Surge or Remain Unmoved?

A major player in the US financial landscape, Bitwise has taken a significant step towards bringing the NEAR token to mainstream investment markets. The company has filed an S-1 form with the SEC seeking approval to launch a new exchange-traded fund (ETF) focused on NEAR. If successful, this would mark a pivotal moment for NEAR and could trigger substantial price increases. 21Shares and Grayscale also have NEAR investment products in development. However, the near-term future remains uncertain as the price of NEAR’s native token hasn’t shown significant reaction to the news.