Bitwise Registers NEAR ETF in Delaware for Crypto Access

Bitwise Asset Management registered a NEAR ETF as a Delaware statutory trust on April 24, 2025.

This registration marks a preliminary step towards a regulated crypto fund, increasing institutional interest.

Bitwise Initiates NEAR ETF with Delaware Registration

Bitwise Asset Management has taken a significant step by registering the NEAR ETF in Delaware. This marks the initial phase before submitting for SEC approval, following their usual procedure for crypto ETFs.

The registration was confirmed by Bitwise CEO Hunter Horsley, emphasizing its importance as a preliminary action in establishing a formal ETF. Bitwise has a history of similar ETF registrations in Delaware.

NEAR Price Surges 4% Post Registration

Following the registration, NEAR’s price rose by 4%, reflecting market optimism. This mirrors previous asset reactions to new ETF filings which often see short-term price boosts and volumes.

Should the ETF secure SEC approval, it would offer institutional investors a regulated means to invest in NEAR, potentially increasing market liquidity and exposure. The market awaits further regulatory proceedings.

NEAR ETF Mirrors Past Delaware Filings

Bitwise’s approach aligns with previous filings for DOGE, XRP, and Aptos, which similarly began with Delaware trust registration. These have historically led to heightened market activity and speculation.

Market analysts anticipate a broader acceptance of crypto ETFs could heighten industry credibility and investment. However, challenges remain with SEC approvals, as past applications faced delays and scrutiny.

Regulatory Outlook and Future Prospects

Institutional demand for crypto assets continues to grow, yet hurdles remain in gaining full regulatory approval. Commenting on the broader regulatory landscape, Paul Atkins, former SEC Chair, stated,

“I look forward to engaging with market participants and working with colleagues in President Trump’s administration and Congress to establish a rational fit for purpose framework for crypto assets.”

While NEAR and other emerging crypto assets represent a burgeoning sector, the future of such digital assets hinges on navigating complex regulatory frameworks and achieving mainstream adoption.