Bitwise Submits Registration for NEAR ETF Trading on NYSE Arca
AI Market Summary
Bitwise filed a Form 8A to register beneficial interests of its Bitwise NEAR ETF for trading on NYSE Arca, following an S-1 submission earlier in September. The step signals advancing regulatory and listing process progress, potentially broadening institutional and retail access to NEAR via a U.S.-listed vehicle. Near-term market focus may shift to SEC review timelines, approval odds, and expected flows tied to an exchange-traded product.
Impact level
● High
Affected assets
NEAR/USDT+10.30%
AI Insight · NEAR/USDTAI Insight
▲ Bullish
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Huoxing Finance reported that SEC filings dated September 25 show the Bitwise NEAR ETF has filed a Form 8-A registration statement to register its common beneficial interests for listing and trading on NYSE Arca. The documents identify Bitwise Investment Advisers, LLC as the ETF's sponsor, and note that the related Form S-1 was filed with the SEC on September 16. The Bitwise NEAR ETF is designed to provide exposure through an exchange-traded product tied to NEAR assets. The Form 8-A was signed on September 24 by Bitwise Chief Operating Officer Teddy Fusaro on behalf of the firm.
