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#Bitwise NEAR ETF Filing#
#NEAR# Protocol Next ETF Candidate: Bitwise is Opening the Door to a New Era!
From time to time, developments in the crypto world create ripples not only in the markets but also in our minds. Bitwise's move with its spot ETF application based on the NEAR protocol marks just such a turning point.
The New Route of Investment: NEAR ETF
On May 6, 2025, Bitwise submitted its application for a NEAR-based spot ETF to the (SEC) in the United States Securities and Exchange Commission. This ETF will enable investors to access a crypto-based asset through the traditional stock exchange without directly purchasing NEAR.
The price of the ETF will be linked to the NEAR/USD index determined by CF Benchmarks.
The custody will be provided by Coinbase Custody, one of the safe havens in the sector.
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NEAR: The Layer-1 Blockchain of the Future
NEAR is not just a cryptocurrency, it is a redefined version of Web3 with performance.
• Unlimited scalability with Nightshade Sharding technology,
• It stands out with low transaction fees and an eco-friendly infrastructure.
• It offers a wide range of applications from NFTs to DeFi thanks to its developer-friendly structure.
Bitwise's focus on NEAR reveals that this blockchain is starting to be seen as a serious player in the world of institutional investment.
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Market Echo: The Harbinger of a Calm Storm
After the application, NEAR's trading volume has significantly increased.
Although the price has remained stable in the short term, this stagnation may be an indicator of the potential building up underneath.
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Why is it important?
The launch of altcoin-based ETFs, following Bitcoin and Ethereum focused ETFs, indicates that the crypto industry is maturing.
The emergence of innovative projects like NEAR in this field has a transformative impact not only for token holders but for the entire ecosystem.
This development is not only a new financial product but also a new bridge established between decentralization and traditional finance.
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Stay tuned. The crypto stories of the future are being written here.
Legal Warning: This content is not investment advice. I recommend that you do your own research before making decisions.
I wish you safe investments. 🚀
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