Bitwise Registers NEAR ETF in Delaware, Strengthening Crypto Offerings
Key Points:Bitwise registers NEAR ETF in Delaware; potential market impact anticipated.Market expects increased interest in NEAR Protocol.No official comments; historical patterns suggest positive asset reactions. Bitwise Asset Management has registered its NEAR ETF in Delaware, as reported by ChainCatcher. This event signals a strategic move in expanding its crypto asset offerings, specifically targeting NEAR Protocol. The registration may lead to enhanced visibility for NEAR Protocol and drive new investment flows. Historically, similar ETF announcements have contributed to positive price movements and increased institutional interest in the targeted assets. Bitwise Expands Crypto Portfolio with NEAR ETF Bitwise’s registration of the NEAR ETF in Delaware highlights its commitment to broadening crypto offerings. Known for pioneering crypto investment products, Bitwise’s action involves key stakeholders including institutional investors eyeing diverse asset portfolios. The anticipated impact on the NEAR Protocol includes potential price increases and heightened market liquidity. Historically, ETFs are linked with increased trading activity as investors reposition for potential gains associated with the underlying asset. “The transition of ETFs into the crypto space has always had a ripple effect on the involved digital assets, often paving the way for mainstream adoption,” according to industry analysis.Market reactions have been tepid so far, with no official statements from Bitwise executives or regulatory authorities. The absence of high-profile comments suggests a cautious wait-and-see approach, typically observed in initial ETF stages. Crypto ETFs and Market Dynamics: NEAR’s Anticipated Growth Did you know? The introduction of ETFs in traditional markets has historically led to significant increases in asset visibility and investment flows. According to CoinMarketCap, NEAR Protocol trades at $2.65 with a market cap of $3.21 billion, holding a 0.11% market dominance. The daily trading volume shows a 15.31% decrease at $160.27 million. Recent price shifts include a 0.40% drop in 24 hours but gained 21.39% over a week. Long-term, the price fell 42.95% over 90 days. NEAR Protocol(NEAR), daily chart, screenshot on CoinMarketCap at 01:19 UTC on April 27, 2025. Source: CoinMarketCapCoincu’s research emphasizes probable financial benefits for Bitwise and broader institutional shifts favoring cryptocurrency assets. Regulatory trends may ease as ETFs meet demand, facilitating acceptance, and technology integrations could elevate compliant asset management.