Grayscale has filed for a NEAR Protocol ETF amid a downturn in major altcoins. The move raises questions about whether this reflects genuine institutional interest or is merely a strategic regulatory maneuver.
Grayscale has filed to convert its NEAR Protocol Trust into an ETF, aiming to list on NYSE Arca pending SEC approval. The trust, currently valued at $900,000, has seen a 45% drop in net asset value, while the NEAR token is down over 90% from its 2022 peak. Meanwhile, U.S. spot Bitcoin and Ethereum ETFs suffered $713 million in net outflows amid macroeconomic concerns.
Grayscale has filed an S-1 registration statement with the SEC to convert its Near Trust into an ETF; meanwhile, NEAR token faces a potential 13% price correction before retesting the lower trendline of a falling channel pattern.
Grayscale has filed to convert its NEAR Protocol Trust into an ETF on NYSE Arca, continuing its trend of product conversions despite a downturn in fund performance.

No Data Yet