Bitwise File for NEAR Protocol Spot ETF, Show say Altcoin ETF don wide reach and big big companies don dey show interest
Bitwise Asset Management don submit one S-1 paper to U.S. Securities and Exchange Commission make dem start one spot ETF wey go follow NEAR, the main money for NEAR Protocol. Dis one show say Bitwise don spread their hand pass their old Bitcoin and Ethereum ETFs, meaning say dem still dey lead for digital asset funds. If dem gree am, the NEAR Protocol ETF go make am easy for big-big and small investors to trade NEAR price for regulated market, and dis go make altcoin investments look more real. NEAR Protocol, wey dem sabi for im blockchain wey developers like and wey fit grow well-well (layer-one), go benefit from big money wey fit flow in from companies. Bitwise application join plenty other spot crypto ETF applications for altcoins like Solana, Ripple, Cardano, Dogecoin, and Litecoin, wey show say asset managers dey struggle to get different kind of crypto ETF products for U.S. market. Even though NEAR price drop small for short time after the news, if regulators pay more mind and dem approve more altcoin ETFs, NEAR and other similar coins fit grow well-well for long run. Dis trend show say the digital asset market dey mature and people dey accept am more, with traders expecting to see more ways to invest for different-different cryptocurrencies as the rules become clearer.
Neutral
Bitwise filing spot NEAR Protocol ETF show say institutions and regulators don dey show more interest for altcoin investment products wey pass Bitcoin and Ethereum. Although the application show say digital asset market don mature well well and fit support long-term bullish feeling for NEAR, the price sharp sharp no really move, wey show say traders dey careful because the regulatory approval still dey pending. Normally, news about ETF fit cause small small price go up for short time, but the price wey go last long usually depend on wetin government go decide and how money go enter after dem approve am. For now, the whole market effect just neutral until SEC make more progress or decision.