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Bitwise Throws Hat in Ring for Spot NEAR ETF—Wall Street Prepares to ’Understand the Tech’ 5 Years Late
Bitwise Throws Hat in Ring for Spot NEAR ETF—Wall Street Prepares to ’Understand the Tech’ 5 Years Late
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Another day, another crypto ETF plea—but this time it’s NEAR Protocol in the spotlight. Bitwise just filed for SEC approval on a spot NEAR ETF, betting regulators will suddenly love layer-1 tokens after a decade of skepticism.
Why it matters: If greenlit, this would let institutional money flow into NEAR without the hassle of actual blockchain interaction. Because why touch the tech when you can just trade paper derivatives?
The punchline: Wall Street’s ’blockchain revolution’ remains firmly ETF-shaped—all the exposure, none of the decentralization. The SEC hasn’t approved a non-Bitcoin spot crypto ETF yet... but hey, there’s always 2030.
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