Bitwise Registers NEAR Protocol-Based ETF
Bitwise Asset Management has made another breakthrough. This time, the company has officially registered an ETF entity based on the NEAR Protocol in the state of Delaware, United States.
By forming a Delaware statutory trust called “Bitwise NEAR ETF” on April 24, 2025, this step is a new signal that Bitwise is increasingly serious about expanding its exposure in the crypto space.
This registration does not mean that the ETF is immediately available for trading, but it is an important entry point before the company submits an official proposal to the US Securities and Exchange Commission (SEC).
BREAKING: Bitwise registers NEAR ETF in Delaware! A major step toward bringing NEAR Protocol to mainstream investors. Are you bullish on NEAR? — Coin Bureau (@coinbureau) April 25, 2025
If we compare it, it is like Bitwise has just taken care of a shop permit. The shop is not yet open, but the foundation is already standing. Delaware itself was chosen because it has a legal system that is friendly to this kind of business, making it a favorite location for many institutions.
Meanwhile, as of press time, NEAR is trading at about $2.71, up 6.71% over the last 24 hours and 28.95% over the last 7 days.
Diversified Crypto Strategies Take Center Stage
On the other hand, CNF previously reported that Bitwise introduced three covered call option strategy ETFs based on stocks of leading crypto companies such as Coinbase, MicroStrategy, and Marathon Digital.
Through this strategy, Bitwise seeks to generate income from market volatility by selling call options, while maintaining exposure to the underlying stocks. This is actively managed to maximize investors’ monthly income.
Furthermore, on April 16, 2025, they announced the launch of four crypto-based Exchange Traded Products (ETPs) on the London Stock Exchange. These products include the Bitwise Core Bitcoin ETP and the Bitwise Physical Ethereum ETP, offering low-cost and high-liquidity investment access for institutional investors in the region.
If that’s not convincing enough, on April 22, 2025, Bitwise published an investment guide titled “The Investment Case for XRP” for professional investors.
In the document, Bitwise discusses the history, technology, and future projections of XRP, even predicting that the price of XRP could reach US$29 by 2030 in an optimistic scenario. The guide also highlights XRP’s opportunities in the global tokenization market, which is predicted to reach $11 trillion by the end of the decade.
Not only that, Bitwise’s crypto market review report for the first quarter of 2025 recorded interesting growth. Despite the initial decline in crypto prices, stablecoin assets actually surged to a record of over $218 billion, up 13% from the previous quarter.
In addition, real-world tokenized assets increased 37% quarterly, indicating that institutional interest in the digital asset world continues to grow.