Grayscale Files S-1 for NEAR ETF as $45B Daily Volume Puts NEAR Back on Institutional Radar
Key Takeaways:Grayscale Moves NEAR Trust Toward an ETF StructureHow the NEAR ETF Is Designed to WorkNEAR’s Market Profile in FocusNEAR Joins a Growing Lineup of Altcoin ETF Filings
The NEAR ETF proposal has been introduced at a time when crypto ETF filings have proliferated to other assets other than Bitcoin and Ethereum. Grayscale also recently registered trusts associated with other layer-1 and DeFi-oriented tokens, which indicates wider ambitions. Analysts observe that the reaction of SEC towards non-BTC ETFs will depend on the market monitoring, custody requirements and liquidity profundity. The fact that NEAR is in this wave implies that issuers are of the opinion that the window of regulation may be widening. In the case of Grayscale, the conversion of trusts into ETFs is also a solution to a long-standing problem, namely, the systematic premiums and discounts in products that are traded over the counter.About Author
