- The nearby ETF archiving signals of Bitwise rising institutional interest in Altcoin-based investment products.
- Near Protocol is intended to resolve the blockchain dilemma with scalability, security and decentralization.
Bitwise has taken an important step in the direction of launching an almost protocol [NEAR] Etf by submit An S-1 registration at the US Securities and Exchange Commission (SEC).
If approved, the proposed fund will follow the price of Near, so that investors have regulated access to its market performance.
This development indicates a bullish prospect for almost protocol, which means that the higher demand and greater visibility in the crypto room probably stimulate a higher demand.
The ETF race is close – Details
That said, the newest S-1 application from Bitwise for a nearby ETF protocol follows his earlier registration of the Fund in Delaware, which indicates the next phase in its urge for broader crypto ETF offers.
The company is expected to submit a 19B-4 form via a trade show, initiating the formal approval process that the SEC is required to sum up and trade the product.
With this addition, the growing 2025 -Docket of the SEC now contains more than a dozen place Crypto ETF proposals, span such as Solana [SOL]Wrinkle [XRP]Cardano [ADA]and dogecoin [DOGE].
In fact recently, Litecoin [LTC] ETF application by Canary Capital also joined the list of current ETFs.
Needless to say, Bitwise, already an important player in space, has existing archives for doge, SOL and XRP ETFs and currently manages spot Bitcoin [BTC] and Ethereum [ETH] Funds on Nyse Arca, who have seen $ 2.35 billion in inflow since the launch.
Impact on the price of Near and what awaits us?
Despite the ETF application from Bitwise, the Near Protocol is traded at $ 2.30, which reflects a modest dip of 0.90% in the last 24 hours, according to Mint market cap.
Near’s short -term price movement remains filled, but the long -term story remains strong.
Once considered as a potential Ethereum computing, almost wants to solve the blockchain dilemma by balancing decentralization, scalability and safety.
With Paul Atkin’s leading regulatory shifts, the growing openness of the SEC to clearer crypto policy can create a more favorable environment.
This change can benefit protocols such as Near, who push the boundaries of blockchain innovation.