$35Bn Asset Manager Grayscale Files for NEAR Crypto ETF
Grayscale has filed with the SEC to convert its NEAR Trust into a spot exchange-traded fund (ETF) amidst a broader decline in the cryptocurrency market. Despite this downturn, the price of NEAR rose by over +3%, from $1.44 to $1.80, accompanied by increased trading volume and futures interest, though the price has since cooled down and is back trading at $1.50.
The proposed ETF is designed to offer staking options and will utilize major custodians to track NEAR spot prices on regulated exchanges, offering NEAR crypto holders a reason to be optimistic following a lackluster 2025 that sees the token down -70% Year-on-Year.
Grayscale Investments submitted a registration statement to the US Securities and Exchange Commission on…
