STOP SCROLLING — BIG $NEAR UPDATE
Bitwise’s proposed $NEAR ETF cleared two important steps on September 24:
NYSE Arca approved the listing application
SEC registration became effective
The proposed fund would hold and stake NEAR , meaning future investor inflows could create direct buying demand for the token.
But don’t get ahead of the news — the ETF isn’t showing real inflows yet. The prospectus lists just $200 in seed shares and a planned $500K initial basket.
This is a major development for the $NEAR narrative, but now we watch the actual launch and flows. 👀
#SECSaysTokenBuybacksNotAutoSecurities
Bitwise’s proposed $NEAR ETF cleared two important steps on September 24:
NYSE Arca approved the listing application
SEC registration became effective
The proposed fund would hold and stake NEAR , meaning future investor inflows could create direct buying demand for the token.
But don’t get ahead of the news — the ETF isn’t showing real inflows yet. The prospectus lists just $200 in seed shares and a planned $500K initial basket.
This is a major development for the $NEAR narrative, but now we watch the actual launch and flows. 👀
#SECSaysTokenBuybacksNotAutoSecurities
