Bitwise officially files application for ”NEAR Physical ETF” with the US SEC

Digital asset management company Bitwise files with SEC for launch of NEAR protocol-based exchange-traded index fund (ETF)
On the 6th (local time), The Block reported that Bitwise has submitted an application to the SEC to register the NEAR physical ETF, and this S-1 filing was made by the Delaware Securities Exchange (SEC).
The official procedure took place about two weeks after the application for the Bitwise NEAR ETF was filed in the state, meaning that preparations for the full-scale launch of the ETF have begun.
The ETF will be designed to allow investors to invest in NEAR through traditional brokerage accounts without having to hold the NEAR tokens directly.
It has the same structure as BITB, a spot coin ETF. NEAR is the native token of the NEAR protocol, and as of 1:25 p.m. on the 7th, the cryptocurrency market site CoinMarket
It is trading at $2.32, down 0.49% from 24 hours ago. Meanwhile, in addition to NEAR, Dozicoin (DOGE), Penguin (PENGU), and Sei (SEI)
Amid a growing trend to launch ETFs for various virtual currencies such as Bitcoin (BTC) and Tron (TRX), Bitwise’s NEAR
If the ETF is approved in the future, the ETF market will change to one that is concentrated in a small number of large tokens.
It has also been raised that this could lead to a shift in the