Bitwise Files for a NEAR ETF, Expanding Crypto Investment Options

In a recent announcement that has sparked interest in the cryptocurrency market, James Seyffart, a well-known ETF analyst, reported that Bitwise Investment Advisers has filed for a NEAR Exchange Traded Fund (ETF).

Bitwise Investment Advisers has filed for a NEAR Exchange Traded Fund (ETF), according to ETF analyst James Seyffart.

The filing, as indicated by the attached S-1 form submitted to the SEC on May 6, 2025, marks a significant step towards offering investors more accessible ways to gain exposure to the NEAR Protocol ecosystem.

The S-1 form reveals the name of the proposed fund as the “Bitwise NEAR ETF.”

While details regarding the ETF’s structure, fees, and ticker symbol are yet to be disclosed in full, the filing itself signals Bitwise’s intent to bring a regulated investment vehicle focused on NEAR to the market.

This move by Bitwise follows a trend of increasing institutional interest in a wider range of cryptocurrencies beyond Bitcoin and Ethereum.

The successful launch of spot Bitcoin ETFs earlier this year has seemingly paved the way for consideration of other digital assets.

The SEC will now review Bitwise’s S-1 filing. The timeline for approval is uncertain and will depend on the SEC’s assessment of the proposal and the evolving regulatory landscape for digital assets.

However, the filing itself represents a notable development for the NEAR Protocol and the broader cryptocurrency investment space, potentially opening up new avenues for investment and adoption.

As the application progresses, further details about the Bitwise NEAR ETF are expected to emerge, which will provide greater clarity for investors interested in this potential new investment product.