Bitwise has submitted a listing application for a spot NEAR ETF to the U.S. SEC

ChainCatcher news, according to Cointelegraph, digital asset management company Bitwise has submitted a listing application for a spot NEAR ETF to the U.S. Securities and Exchange Commission, adding a new contender to the growing list of alternative coins vying for regulatory approval.

Bitwise's registration statement on May 6 indicates that the ETF will track the price movements of the NEAR token through traditional brokers, net of fees. Bitwise has designated Coinbase Custody as the custodian for the Bitwise NEAR ETF. The management fee, ticker symbol, and listing exchange for the Bitwise NEAR ETF have yet to be determined.