Bitwise submits amended S-1 for spot NEAR Protocol ETF dated July 2, 2026
AI Market Summary
Bitwise filed a second amended S-1 for a spot NEAR ETF, signaling active engagement with SEC feedback and incremental progress toward a regulated wrapper for direct NEAR exposure. While SEC approval for non-BTC/ETH spot ETFs remains uncertain, the amendment underscores rising institutional demand for diversified crypto ETPs and could improve perceived legitimacy and accessibility of the NEAR ecosystem in the near term.
Impact level
● Medium
Affected assets
NEAR/USDT+2.62%
AI Insight · NEAR/USDTAI Insight
▲ Bullish
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Bitwise filed a second amended S-1 registration statement for a proposed spot NEAR Protocol ETF with the U.S. Securities and Exchange Commission on July 2, 2026. The update reflects revisions made in response to SEC feedback as the application moves through the review process. The proposed ETF would give investors direct exposure to NEAR without having to hold the token themselves. The filing comes as asset managers push for spot crypto ETFs beyond Bitcoin and Ethereum, where the SEC has taken a cautious approach.
