The Bitwise digital asset manager has presented that it lists a place near exchange with the US stock and values commission. UU., It adds to a growing list of altcoins that currently compete to win the regulatory approach.
The nearby ETF (near) of Bit to Bits will track the nearby token price movements, less expenses, through a traditional bag, shows the record statement of May 6 of Bitwise.
Bitwise called Coinbase’s custody as the custodian propose of the ETF near Bitwise. The fairy of the Management, the Ticker and the Stock Exchange that it seeks to list was not yet named.
Bitwise must also present a 19B-4 presentation to the SEC to start the regulator approach process for the fund. Crypto’s native asset administrator indicated that he would make such a presentation when he registered a trustee linked to the nearby ETF in Delaware on April 28.
Near joins a lot of spot crypto ETFs on the sec desktop
The dry now has at least one box of spot cryptographic ETF to review in 2025, including applications for Litecoin (LTC), Dogecoin (Doge), Solana (Sun), XRP (XRP), Cardano (ADA), Hedera (Harhallot, Polkadot, Polkadot, Aptos (APT) and sui (sui).
Bitwise already has applications for a spot Doo, Sol and XRP ETF, and also has an ETF Spot Bitcoin (BTC) and Ether (ETH) approved, which are listed in the Nyse Arca and have attracted a combined of $ 2.35 billion combined.
Near the file that feeds the Capa-1 near Blockchain, it is the 44th largest cryptocurrency for market capitalization of $ 2.73 billion, according to Coingecko data.
The nearby blockchain was promoted as an Ethereum murderer and is a consultant for its defenders as a solution to the “blockchain trilema”: the challenge of achieving the three critical aspects of blockchain performance: security, scalability and decentralization.
Related: The Ethereum era or the cryptographic domain extends – length panel
Through the Nightshade fragment, up to 100,000 transactions per second and is secured by 265 active validators, the Nearblocks.io data is shown.
The nearby ecosystem changed from decentralized finances to AI infrastructure in 2024, presenting plans to build the largest large open source language model.
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