Key facts
- Bitwise has amended its filing for a spot NEAR ETF with the US SEC.
- The amended filing includes staking as a secondary objective.
- NYSE Arca is named as the planned listing exchange for the ETF.
- The price of NEAR has seen a notable increase.
- The SEC is reviewing multiple spot crypto ETF applications.
- Decisions on these applications are expected soon.
Crypto asset manager Bitwise has submitted an amended filing to the US Securities and Exchange Commission (SEC) for its proposed spot NEAR Exchange Traded Fund (ETF). The updated application introduces staking as a secondary objective for the ETF. Additionally, Bitwise has named NYSE Arca as the intended exchange where the ETF would be listed. This strategic amendment comes at a time when the price of NEAR has experienced a significant increase. The SEC is currently in the process of reviewing several applications for spot cryptocurrency ETFs. Decisions on these applications are anticipated in the near future, with the regulatory body expected to rule on some by early next year.