Bitwise has submitted a listing application for a Spot NEAR ETF to the US SEC.

[Bitwise has submitted a listing application for a Spot NEAR ETF to the US SEC] The digital asset management company Bitwise has submitted a listing application for a Spot NEAR ETF to the US Securities and Exchange Commission, adding a new member to the growing number of alternative coins vying for regulatory approval. Bitwise Near Bitwise’s registration statement on May 6 shows that the ETF will track the price movement of NEAR tokens through traditional brokers, with fees deducted. Bitwise has designated CEX Custody as the custodian for the Bitwise NEAR ETF. The management fee, stock code, and listing exchange for the Bitwise NEAR ETF have yet to be determined.