TechFlow, May 7 — According to Cointelegraph, on May 6, crypto asset management firm Bitwise filed an S-1 form with the U.S. Securities and Exchange Commission (SEC) to launch a NEAR spot ETF. The ETF would track the price movements of the NEAR token through traditional brokers and has designated Coinbase Custody as its custodian.
There are now more than 12 cryptocurrency spot ETFs pending SEC approval, covering tokens including Litecoin (LTC), Dogecoin (DOGE), Solana (SOL), and Ripple (XRP).
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