Bitwise Files NEAR ETF as SEC Signals Support

Bitwise Asset Management, led by CEO Hunter Horsley, has filed to launch a NEAR ETF in Delaware as the SEC signals a more favorable stance on crypto funds.

The initiative reflects growing institutional interest in crypto ETFs, driven by recent SEC leadership changes. Past filings by Bitwise have triggered significant market responses, highlighting the impact on asset valuations.

Bitwise Responds to SEC’s Crypto Optimism

Bitwise Asset Management has submitted filings for a NEAR ETF in Delaware, responding to the SEC’s evolving regulatory environment. This move comes amid increasing optimism towards crypto ETFs under the Trump administration.

Hunter Horsley, CEO, emphasizes the importance of responding to client demand for new crypto access. Bitwise, known for its aggressive ETF strategy, continues to expand its product offerings, underscoring its commitment to growth.

Previous ETF Filings Trigger Market Surges

Investment in new ETFs like NEAR often ignites market reactions. Previous Bitwise filings for Aptos prompted a sudden 10% price surge, indicating possible similar outcomes for NEAR upon regulatory approval.

Market expectations, bolstered by new SEC directives, include increased institutional capital inflows. History shows that new ETF filings often elevate trading volumes and asset valuations, driving further mainstream acceptance of crypto products.

Crypto ETF Filings Precede Asset Price Increases

Past announcements, such as BTC and ETH ETF launches, led to significant market rallies. Recent filings for Solana and Dogecoin showed double-digit asset price increases, suggesting similar patterns may follow the NEAR ETF filing.

Nate Geraci, President, ETF Store, stated, “I think everything is on the table moving forward with the new administration”. Based on historical trends, Bitwise’s aggressive moves should lead to substantial asset mobilization and further market integration. Experts like Nate Geraci highlight these moves’ potential under a receptive administration, marking an era of growing crypto product acceptance.