NEAR reclaims $5 as Bitwise ETF clears key regulatory hurdle
NEAR Protocol‘s native token climbed above $5 on Friday, extending a sharp multi-week rally as progress on a proposed Bitwise exchange-traded fund (ETF) coincided with growing activity across the network’s ecosystem. SEC clears Bitwise NEAR ETF to list on NYSE The US Securities and Exchange Commission (SEC) declared Bitwise‘s registration statement for the NEAR ETF effective, clearing a key regulatory step for the proposed product. Bitwise also filed Form 8-A to register the fund’s common shares for listing on NYSE Arca under the ticker NRR. These filings bring the proposed ETF closer to trading on a US exchange, although the registration statement and Form 8-A do not confirm a launch date. The Bitwise NEAR ETF is designed to provide investors with exposure to the value of NEAR held by the fund. The product also includes a staking component, allowing the fund to seek additional returns through staking its holdings. Coinbase Custody will serve as the funds custodian, while Bitwise has set the sponsor fee at 0.75% annually. NEAR expands trading reach following listing on Hyperliquid The ETF progress unfolds alongside a broader expansion of NEAR‘s ecosystem. NEAR Protocol confirmed that the NEAR/USDC pair is now live on Hyperliquid’s spot market. The pair has also been added to Hyperliquids









