Near ETF Next? Bitwise Seeks Approval Alongside Solana, XRP and Dogecoin Filings

Another day, another crypto ETF entering. This time a crypto asset manager tries his happiness with a fund that, if approved, would give investors exposure Near the protocol.

A Thursday application in the state of Delaware to show That paperwork to launch a nearby ETF has been submitted by Bitwise.

Submitting the state of Delaware is the first step to get such a product approved. The asset manager still has to submit to the Securities and Exchange Commission to make the process officially moved.

Near Protocol is a blockchain that is used by developers to build Crypto-driven appsWith a certain focus on AI applications. It is intended to compete with Ethereum And Solanaand his native currency, Nearis the 41st-biggest virtual currency per market capitalization.

Bitwise did not respond immediately DecryptS to ask. Is near more than 3% in the day To a current price of $ 2.61, per data from Coingecko.

The submission is the last in one long frame From applications of asset managers who want to get the green light for new crypto products, after the success of the Bitcoin and Ethereum ETFs that were approved last year.

And a new, crypto-friendly sec among Republican President Donald Trump Die in January in January Fund managers has more optimistic.

As a result, the will of Grayscale and Bitwise try to get Solana, XRPAnd Dogecoin ETFs approved. Smaller asset managers even try their happiness with everything Pudgy Penguins Unpleasant Trump And Bonk Investment vehicles.

Edited by Andrew Hayward