Drill bit file S-1 near ETF

Digital Asset Manager Bitwise has applied to list seats near exchange-traded funds with the U.S. Securities and Exchange Commission and adds a growing number of Altcoins listings, currently competing to win regulatory approval.

Bitwise’s May 6 registration form shows that ETFs close to (close) ETFs will track price movements for near tokens, negative fees.

The drill claims Coinbase custody as the proposed custodian near the ETF. The management fees, stocks and stock exchanges have not yet been listed.

Bitwise must also submit 19B-4 documents to the SEC to initiate the regulatory approval process for the fund. Crypto Local Assets Manager said it will file such documents when it registers a trust linked to the Delaware near ETF on April 28.

Join a bunch of location encrypted ETFs nearby on the SEC table

The SEC now has at least a dozen spot crypto ETFs to review in 2025, including applications for Litecoin (LTC), Dogecoin (DOGE), Solana (SOL), XRP (XRP), Cardano (ADA), Hedera (HBAR), Polkadot (DOT), Chainlink (LINK), Avalanche (AVAX), Aptos (APT) and Sui (sui).

Bitwise has already made applications for on-site Doge, Sol and XRP ETFs, and also has approved spot Bitcoin (BTC) and Ether (ETH) ETFs that have been listed on NYSE ARCA and have attracted $2.35 billion in net inflows since its launch last year.

Coingecko Data shows that the nearby (tokens that power Layer 1 near the blockchain) is the 44th largest cryptocurrency in market capitalization at $2.73 billion.

Nearly blockchain was once touted as an Ethereum killer and considered by supporters as a solution to the “three elements of blockchain”, which is a challenge in achieving all three key aspects of blockchain performance: security, scalability, and decentralization.

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