Bitwise has filed paperwork in Delaware for a new crypto ETF based on Near Protocol's token, aiming to give investors exposure to this blockchain network. Near Protocol, which ranks 41st in cryptocurrency market cap, is known for its capabilities in developing AI-powered applications and competes with platforms like Ethereum and Solana. Due to the recent approvals of Bitcoin and Ethereum ETFs, there is renewed hope among asset managers for new crypto products. Fund managers, including Bitwise, are also pursuing ETFs for other cryptocurrencies such as Solana, XRP, and Dogecoin, reflecting a growing interest in altcoin ETFs. The NEAR token experienced a 3% price increase on the day of the filing. As the crypto industry evolves, asset managers continue to explore diverse investment opportunities in the market, particularly following the establishment of a more favorable regulatory environment under the current U.S. administration.

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