Bitwise Files Amended S-1 for Spot NEAR ETF, Eyes Approval

Bitwise has submitted an amended S-1 registration statement for its proposed spot $NEAR Protocol exchange-traded fund (ETF) to the U.S. Securities and Exchange Commission (SEC). This filing indicates Bitwise is actively progressing through the regulatory review process for a new digital asset investment product.

The S-1/A amendment, filed on July 2, 2026, updates the initial registration statement for the Bitwise $NEAR ETF. Such amendments are common as applicants respond to SEC feedback and refine their proposals for new financial products.

Bitwises Amendment No. 2 to FORM S-1. Source: https://www.sec.gov

The move by Bitwise follows a broader trend of asset managers seeking to offer spot crypto ETFs beyond Bitcoin and Ethereum. The firm has been a prominent player in the digital asset ETF space, having launched several products, including a spot Bitcoin ETF earlier this year.Latest Stories

The proposed $NEAR ETF aims to provide investors with direct exposure to the $NEAR Protocols native token without needing to directly hold the cryptocurrency. This structure is designed to simplify access and potentially attract a wider range of institutional and retail investors.

Regulatory approval for a spot $NEAR ETF would mark a significant expansion of regulated crypto investment vehicles. The SECs stance on altcoin spot ETFs has been cautious, making each new application a closely watched development within the industry.

Spot $NEAR ETF imminent？

Bitwise‘s persistent efforts highlight the growing demand for diversified crypto investment options. The firm’s strategy involves bringing a range of digital assets into traditional financial markets through regulated products.

This amended filing signals Bitwise‘s continued commitment to launching a spot $NEAR ETF and to pushing for broader institutional access to altcoins. For investors, it represents a potential new pathway to gain regulated exposure to the $NEAR Protocol. The SEC’s response will set a precedent for future altcoin ETF applications.