Bitwise Files Spot NEAR ETF as SEC Reviews Altcoin Applications

By: coinchapter|2025/05/07 12:45:01

On May 6, 2025, Bitwise Asset Management submitted an S-1 registration form to the U.S. Securities and Exchange Commission (SEC) for a spot NEAR ETF. This marks another move by the firm to expand its portfolio of crypto exchange-traded funds. The proposed ETF aims to track the price of the NEAR token, excluding management expenses. According to the filing, Coinbase Custody Trust Company will serve as the custodian for the Bitwise NEAR ETF. The filing did not disclose the ETF’s ticker, management fee, or the specific stock exchange where it intends to list. Before the fund can launch, Bitwise must also submit a 19b-4 form, which begins the SEC’s formal review process. Bitwise indicated plans to file it soon. On April 28, the company registered a statutory trust in Delaware to support the ETF structure. Spot NEAR ETF Joins Over a Dozen Pending Crypto ETF Applications The Bitwise NEAR ETF joins a list of pending spot crypto ETFs under SEC review in 2025. Other filings include proposals for Litecoin (LTC), Dogecoin (DOGE), Solana (SOL), XRP, Cardano (ADA), Hedera (HBAR), Polkadot (DOT), Chainlink (LINK), Avalanche (AVAX), Aptos (APT), and Sui (SUI). These ETFs are waiting for regulatory decisions as crypto firms seek greater market access through traditional financial channels. Bitwise has already filed for spot ETFs tied to DOGE, SOL, and XRP. The firm also manages approved spot ETFs for Bitcoin (BTC) and Ethereum (ETH). Both are listed on NYSE Arca and have attracted $2.35 billion in net inflows since their launch. The SEC’s review timeline and the outcome for these ETFs remain undisclosed. NEAR Blockchain Focuses on Scalability and AI Use Cases Moreover, NEAR is the native token of the Near blockchain, a layer-1 protocol with a current market capitalization of $2.73 billion, based on CoinGecko data. It ranks as the 44th largest cryptocurrency by market cap. Originally built to address the blockchain trilemma—balancing security, scalability, and decentralization—the Near blockchain uses a consensus method known as Nightshade sharding. According to Nearblocks.io, the network supports up to 100,000 transactions per second and operates with 265 active validators. In 2024, the Near ecosystem pivoted from decentralized finance to artificial intelligence infrastructure. It announced plans to build what it calls the world’s largest open-source large language model. This shift aligns with broader trends in the blockchain industry, where platforms increasingly integrate AI development into their core use cases.

OpenClaw is a rapidly growing open-source AI agent that can autonomously execute tasks and interact with software, including connecting to crypto exchanges through APIs to analyze markets and automate trading strategies. While this creates new opportunities for smarter trading, it also introduces security and operational risks. Through this article, WEEX aims to help users better understand the potential and risks of AI trading agents so they can explore new technologies while trading more safely and responsibly.

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WEEX P2P update: Country/region restrictions for ad posting

I. Overview

When publishing P2P ads, advertisers can now set the following:

Allow only counterparties from selected countries or regions to trade with your ads.

With this feature, you can:

Target specific user groups more precisely.Reduce cross-region trading risks.Improve order matching quality.

II. Applicable scenarios

The following are some common scenarios:

III. How to get started

On the ad posting page, find "Trading requirements":

When an advertiser enables the "Country/Region Restriction" feature, users who do not meet the criteria will be blocked when placing an order and will see the following prompt:

If you encounter this issue when placing an order as a regular user, try the following solutions.

IV. Benefits

Compared with ads without country/region restrictions, this feature provides the following improvements.

Aspect

Improvement

Trading security

Reduces abnormal orders and fraud risk

Conversion efficiency

Matches ads with more relevant users

Order completion rate

Reduces failures caused by incompatible payment methods

V. FAQ

Q1: Why are some users not able to place orders on my ad?
A1: Their country or region may not be included in your allowlist.

Q2: Can I select multiple countries or regions when setting the restriction?
A2: Yes, multiple selections are supported.

Q3: Can I edit my published ads?
A3: Yes. You can edit your ad in the "My Ads" list. Changes will take effect immediately after saving.