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Bitwise has submitted an amended S-1 registration statement for its proposed spot $NEAR Protocol exchange-traded fund (ETF) to the U.S. Securities and Exchange Commission (SEC). This filing indicates Bitwise is actively progressing through the regulatory review process for a new digital asset investment product.
The S-1/A amendment, filed on July 2, 2026, updates the initial registration statement for the Bitwise $NEAR ETF. Such amendments are common as applicants respond to SEC feedback and refine their proposals for new financial products.
The move by Bitwise follows a broader trend of asset managers seeking to offer spot crypto ETFs beyond Bitcoin and Ethereum. The firm has been a prominent player in the digital asset ETF space, having launched several products, including a spot Bitcoin ETF earlier this year.Latest Stories
The proposed $NEAR ETF aims to provide investors with direct exposure to the $NEAR Protocol’s native token without needing to directly hold the cryptocurrency. This structure is designed to simplify access and potentially attract a wider range of institutional and retail investors.
Regulatory approval for a spot $NEAR ETF would mark a significant expansion of regulated crypto investment vehicles. The SEC’s stance on altcoin spot ETFs has been cautious, making each new application a closely watched development within the industry.
Spot $NEAR ETF imminent?
Bitwise’s persistent efforts highlight the growing demand for diversified crypto investment options. The firm’s strategy involves bringing a range of digital assets into traditional financial markets through regulated products.
This amended filing signals Bitwise’s continued commitment to launching a spot $NEAR ETF and to pushing for broader institutional access to altcoins. For investors, it represents a potential new pathway to gain regulated exposure to the $NEAR Protocol. The SEC’s response will set a precedent for future altcoin ETF applications.