Bitwise Seeks SEC Approval to Launch Spot NEAR ETF
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 07 2025
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Source: Yahoo Finance
Bitwise NEAR ETF Filing: Bitwise has filed with the SEC to list an ETF that tracks the price of NEAR, the native token of the NEAR protocol, allowing investors to access NEAR through traditional brokerage accounts without direct acquisition risks.
SEC's Crypto-Friendly Stance: The SEC appears to be more favorable towards crypto ETFs under the new administration, with increased chances of approval for various altcoin ETFs, although past performance suggests that ETF approvals do not guarantee price increases for the underlying tokens.
Analyst Views on XXRP
Wall Street analysts forecast XXRP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for XXRP is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 10.520
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Current: 10.520
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
