Grayscale Proposes US ETF for NEAR Protocol Exposure
Asset manager Grayscale has submitted an application to the US Securities and Exchange Commission to convert its NEAR Protocol Trust into an exchange-traded fund.
Asset manager Grayscale has submitted an application to the US Securities and Exchange Commission to convert its NEAR Protocol Trust into an exchange-traded fund.
A substantial $1.42 billion poured into US spot Bitcoin ETFs last week, delivering the best weekly inflow figure since October.
The new year’s rally for spot Bitcoin ETFs in the US faced a setback on Tuesday.
An ETF, or exchange-traded fund, is an investment vehicle traded on stock exchanges that holds a collection of assets, such as stocks, bonds, commodities, or cryptocurrencies.
Crypto investment firm Bitwise is the latest to apply for a SUI exchange-traded fund.
Inflows into crypto-linked exchange-traded products totaled US$864 million last week, making it the third consecutive week of positive flows.
The ETF, with the ticker symbol TOXR, started trading, offering investors a fresh conduit to the cryptocurrency market.

"A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution." - Satoshi Nakamoto (Bitcoin White Paper)
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