- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Bitwise Files Spot NEAR ETF Application as Altcoin Fund Race Heats Up
By: cryptosheadlines|2025/05/07 20:15:02
0
Share
Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Bitwise files for a NEAR ETF to offer direct exposure to the NEAR token without derivatives.The NEAR ETF will track the CF NEAR-Dollar benchmark with Coinbase Custody as custodian.Bitwise expands its crypto ETF portfolio following growing demand for altcoin exposure.Bitwise Asset Management has officially filed for a spot NEAR ETF with the U.S. Securities and Exchange Commission. The move came through a Form S-1 filing submitted on May 6. The proposed exchange-traded fund aims to offer direct price exposure to the NEAR token. Bitwise Files for Spot NEAR ETF, Joining Altcoin ETF RaceSEC Filing: Bitwise submitted an S-1 registration on May 6 for a spot NEAR ETF, aiming to track the token’s price movements.Custodian & Details: Coinbase Custody will hold NEAR assets. Management fee, ticker, and...— Bitcoin Weirdo (@Bitcoin_Weirdo) May 7, 2025The fund plans to hold actual NEAR tokens in custody, instead of using futures or derivatives. NEAR is the native token of Near Protocol, a layer-1 blockchain launched in 2020. The blockchain is known for its scalable and energy-efficient proof-of-stake mechanism.ETF to Track NEAR-Dollar BenchmarkBitwise’s NEAR ETF will follow the CF NEAR-Dollar Settlement Price benchmark. CF Benchmarks, a regulated index provider, calculates the benchmark. Coinbase Custody Trust Company will serve as the custodian for the NEAR tokens held by the fund.The ETF is structured as a Delaware statutory trust. Shares issued by the fund will represent fractional ownership of the NEAR tokens. Bitwise had registered this trust in Delaware on April 28, marking a preparatory step.Bitwise will not employ derivatives or any active trading strategy in this fund. It will handle all creation and redemption of shares in cash. Only authorized financial institutions will carry out these transactions.Regulatory Review Yet to BeginTo advance the ETF application, Bitwise must still file a 19b-4 form. This document formally starts the SEC’s review process. The current filing does not specify the ETF’s ticker symbol or its target exchange.The NEAR ETF joins a rising wave of altcoin-based ETF proposals submitted in 2025. Other applications cover assets like Solana, Cardano, Chainlink, Dogecoin, Hedera, and Avalanche. All are awaiting regulatory review.Bitwise Expands Digital Asset ETF OfferingsBitwise has already filed for spot ETFs tied to Dogecoin and Solana. It also manages spot Bitcoin and Ethereum ETFs listed on NYSE Arca. These funds have collectively seen over $2.3 billion in inflows since their launch.The surge in filings follows a period of regulatory uncertainty. The SEC recently delayed decisions on several other ETF applications. This includes Bitwise’s own Bitcoin-Ethereum fund and Canary Capital’s Hedera ETF. Decisions have now been pushed to June.Paul Atkins, known for a crypto-friendly stance, replaced Gary Gensler as SEC chair. Despite the leadership change, the agency has yet to approve any major new crypto ETFs in 2025. Industry observers continue to monitor for shifts in regulatory direction.Source link
You may also like
Particle Founder: The entrepreneurial insights I have gained the most from in the past year
Stop lean startup, stop lightning entrepreneurship, and think carefully about what your product aspirations are.
Huang Renxun's latest podcast transcript: The future of Nvidia, the development of embodied intelligence and agents, the explosion of inference demand, and the public relations crisis of artificial intelligence
The competition in the future is not just about whose model is larger or whose computing power is stronger, but also about who understands the industry better, who can embed AI more deeply into real processes, and who can organize these capabilities into a runnable and scalable system.
OKX Ventures Research Report: AI Agent Economic Infrastructure Research Report (Part 1)
The existing infrastructure is hostile to the Agent economy. Agents can think and act independently at the "capability level," but at the "economic level," they are still locked into infrastructure designed for humans.
The migration of settlement rights: B18 and the institutional starting point of on-chain banks
In the traditional system, banks decide the settlement; in the on-chain system, code begins to take over this responsibility.
From Tencent and Circle: Looking at the Simple and Difficult Questions of Investment
The AI narrative continues to ferment, but the recent performance of related stocks varies, with some in the midst of summer and others as if in winter.
The second half of stablecoins no longer belongs to the crypto circle
What Coinbase doesn't want, Mastercard is eager to buy.
Cursor "Shell" Kimi Controversy Reversed: From Copyright Infringement Allegations to Authorized Collaboration, China's Open Source Model Once Again Becomes a Global AI Foundation
Cursor was accused of being based on Kimi K2.5, which sparked controversy, and was later confirmed to be compliant through Fireworks AI due diligence.
The Real Reason Tokens Don't Sell: 90% of Crypto Projects Overlook Investor Relations
Provide an Investor Relations Best Practices Guide for Crypto Projects.
Is the income of pump.fun real, earning a million dollars a day despite the market downturn?
If it can really earn this much, what is the reason for the low price of $PUMP?
The real reason why tokens are not selling: 90% of crypto projects neglect investor relations
Investor Relations Practice Guide for Cryptocurrency Projects.
Who is the true winner of the "Tokenization" narrative?
Virtually everyone benefits, but the reason for the benefit, the timing, and the underlying logic are completely different.
Moss: The Era of AI-Traded by Anyone | Project Introduction
AI Trading Agent is rapidly growing its infrastructure.
Chip Smuggling Case Exposes Regulatory Loophole | Rewire News Evening Update
AI chips have become a strategic asset more sensitive than missiles
How a Structured AI Crypto Trading Bot Won at the WEEX Hackathon
Ritmex demonstrates how disciplined risk control and structured signals can make an AI crypto trading bot more stable and reliable on WEEX, highlighting the importance of combining execution discipline with scalable AI trading systems.
Old Indicator Fails, Three Major New Signals Emerge: BTC True Bottom May Still Be Below $60K
When the grocery shopping auntie on the subway, or Tony the hairdresser, start asking you about BTC, crypto, and cryptocurrency investments, selling immediately will be the only best option.
Meeting OpenClaw Founder at a Hackathon: What Else Can Lobsters Do?
Imperial College London MetaGame: AI Agent × Web3 Landing Three Major Directions.
Huang Renxun's Latest Podcast Transcript: NVIDIA's Future, Embodied Intelligence and Agent Development, Soaring Demand for Inferencing, and AI's PR Crisis
The future of competition is not only about whose model is bigger, whose computing power is stronger, but also about who understands the industry better, who can more deeply integrate AI into real processes, and who can organize these capabilities into a set of executable, scalable systems
How a Structured AI Crypto Trading Bot Won at the WEEX Hackathon
Crypto_Trade shows how structured inputs and controlled adaptability can build a more stable and reliable AI crypto trading bot within the WEEX AI Trading Hackathon, highlighting a practical path toward scalable AI trading systems.
Particle Founder: The entrepreneurial insights I have gained the most from in the past year
Stop lean startup, stop lightning entrepreneurship, and think carefully about what your product aspirations are.
Huang Renxun's latest podcast transcript: The future of Nvidia, the development of embodied intelligence and agents, the explosion of inference demand, and the public relations crisis of artificial intelligence
The competition in the future is not just about whose model is larger or whose computing power is stronger, but also about who understands the industry better, who can embed AI more deeply into real processes, and who can organize these capabilities into a runnable and scalable system.
OKX Ventures Research Report: AI Agent Economic Infrastructure Research Report (Part 1)
The existing infrastructure is hostile to the Agent economy. Agents can think and act independently at the "capability level," but at the "economic level," they are still locked into infrastructure designed for humans.
The migration of settlement rights: B18 and the institutional starting point of on-chain banks
In the traditional system, banks decide the settlement; in the on-chain system, code begins to take over this responsibility.
From Tencent and Circle: Looking at the Simple and Difficult Questions of Investment
The AI narrative continues to ferment, but the recent performance of related stocks varies, with some in the midst of summer and others as if in winter.
The second half of stablecoins no longer belongs to the crypto circle
What Coinbase doesn't want, Mastercard is eager to buy.
App