Bitwise Bets Big on NEAR Protocol—ETF Plans Looming
Crypto asset manager Bitwise just added NEAR to its trusted list—and Wall Street’s already salivating over the ETF potential.
Why it matters: This isn’t just another altcoin endorsement. Bitwise’s stamp of approval signals institutional confidence in NEAR’s tech—and sets the stage for a high-stakes regulatory chess match.
The cynical take: Watch traditional finance firms suddenly ’discover’ blockchain scalability just in time to grab management fees on the next hot fund wrapper.
Part of a Broader ETF Strategy
Bitwise has recently filed similar Delaware trust registrations for other crypto assets, including Dogecoin, Aptos, and XRP. Some of those products, such as the Bitwise Dogecoin ETF, have already advanced to formal SEC registration phases.
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The latest NEAR filing underscores Bitwise’s strategy to bridge digital assets with traditional financial markets by proactively creating structures that can support regulated investment products.
As investor demand grows for crypto ETFs, Bitwise continues to solidify its position as a frontrunner in the evolving digital finance space.
