Altcoin ETF Filing Sparks Hope for Near Protocol’s Growth

In a surprising move, Bitwise Asset Management has filed an S-1 registration with the SEC to launch an exchange-traded fund (ETF) based on NEAR Protocol. This marks a significant milestone for NEAR, a smart contract platform that has rebounded after facing challenges during the FTX collapse. 📈 The ETF filing comes amid rising investor optimism fueled by potential trade agreements between the US and UK, as well as expectations of regulatory breakthroughs and expanded ETF offerings. Despite modest price increases, the news highlights a shift towards institutional investment in altcoins like NEAR. 🚀