Grayscale Files S-1 With SEC to Convert Near Trust Into Spot NEAR ETF

TheNewsCrypto2026-01-21 tarihinde yayınlandı2026-01-21 tarihinde güncellendi

Özet

Grayscale Investments has filed a Form S-1 with the SEC to convert its Grayscale Near Trust into a spot NEAR ETF, named Grayscale Near Trust ETF (ticker: GSNR). Filed on January 20, 2026, this marks the first major step toward a NEAR Protocol ETF in the U.S. The proposed ETF will use Coinbase as prime broker and custodian, with BNY Mellon and Continental Stock Transfer as transfer agent and administrator. It also includes provisions for staking NEAR tokens under certain conditions. Following the announcement, NEAR’s price increased by 3% to $1.54. Analysts view the move as part of a broader trend of traditional finance seeking regulated altcoin exposure. SEC approval is pending and may take several months to over a year, subject to regulatory review.

Grayscale Investments has made a substantial step forward in expanding institutional investor accessibility to alternative blockchain assets with its submission of a Form S-1 registration statement with the U.S. Securities and Exchange Commission to convert its Grayscale Near Trust into a spot exchange-traded fund (ETF).

Filed on January 20, 2026, this registration statement represents the first major move for a NEAR Protocol ETF in the U.S. market, given prior approvals for Bitcoin Spot ETFs, as well as Bitcoin Futures ETFs. As approved, this new product will have a new name, namely Grayscale Near Trust ETF, trading under the ticker GSNR, shifting from its existing market listing on Over-the-Counter (OTC) markets.

In the S-1 filing, some of the major structural features for the ETF are described. For example, the prime broker for the ETF would be Coinbase Inc., and its custodian would be Coinbase Custody Trust Company LLC. Additionally, transfer agents and administrators for the trust would be The Bank of New York Mellon and Continental Stock Transfer & Trust Company, respectively.

Grayscale’s submission also contained language regarding the entering of agreements with staking partners if certain staking conditions have been met regarding staking of the NEAR held in the ETF, a characteristic of other proposed crypto asset ETFs on the market.

Market Response and Overall Industry Implications

Following the filing, the NEAR token’s price bounced back by over 3%, trading at $1.54, registering a 22% volume within the last 24 hours. This is after a moderate rise in the NEAR—future open interest. This pullback can be attributed to the losses resulting from the crypto market.

This S-1 filing can also be seen in the context of a larger trend among traditional finance institutions seeking altcoin exposure through regulated financial instruments, according to analysts. Grayscale previously filed trust filings for various altcoin-related financial instruments, including BNB and Hyperliquid ETFs, which indicated ongoing interest in a diversified cryptocurrency ETF beyond Bitcoin and Ethereum.

Though the SEC has not approved any NEAR ETFs, this is an encouraging step in the regulatory environment that could open the doors to more instruments themed around layer-1 blockchains. As per experts in the trade, “the registration process may take several months to over a year, and this is subject to scrutiny and review in connection with issues involving market manipulation measures, liquidity, and mechanisms to share”.

S-1 filing by Grayscale to convert Near Trust into a spot ETF reflects the increased institutional desire to add altcoins, such as NEAR Protocol, to the range of available crypto investments. Slightly positive market support in terms of price movement and traded volumes indicates acceptance of the S-1 filing. During the review period by the SEC, the approval of the spot ETF related to NEAR may pave the way for the launch of altcoin-linked products to be traded in the market.

Highlighted Crypto News:

‌Noble to Migrate From Cosmos SDK to EVM Layer-1, Mainnet Set for March 2026

İlgili Sorular

QWhat is the purpose of Grayscale's S-1 filing with the SEC regarding the Near Trust?

AGrayscale filed the S-1 registration statement to convert its Grayscale Near Trust into a spot exchange-traded fund (ETF) called the Grayscale Near Trust ETF, which would trade under the ticker GSNR.

QWhat was the market response to Grayscale's S-1 filing for the NEAR ETF?

AFollowing the filing, the NEAR token's price increased by over 3% to trade at $1.54, with a 22% increase in trading volume within the last 24 hours.

QWhich companies are named as key service providers in the S-1 filing for the proposed ETF?

ACoinbase Inc. is named as the prime broker, Coinbase Custody Trust Company LLC as the custodian, with The Bank of New York Mellon and Continental Stock Transfer & Trust Company serving as the transfer agent and administrator, respectively.

QWhat does the S-1 filing indicate about the potential for staking the NEAR tokens held by the ETF?

AThe filing contained language regarding entering into agreements with staking partners to stake the NEAR tokens held in the ETF if certain staking conditions are met.

QHow long might the SEC review process take for this S-1 filing according to experts?

AExperts stated that the registration process may take several months to over a year and is subject to scrutiny and review concerning issues like market manipulation measures, liquidity, and sharing mechanisms.

İlgili Okumalar

STAR 50 Soars 10.73%, Why Did A-Shares Stage a "V-Shaped Reversal"?

After a prolonged decline, the Chinese A-share market staged a strong rally on July 21. The STAR 50 index surged 10.73%, its largest single-day gain in nearly a year, leading a broad-based "V-shaped" reversal. The Shanghai Composite Index rose 1.79%, the Shenzhen Component Index gained 4.81%, and the ChiNext Index jumped 7.05%. Total market turnover reached 2.97 trillion yuan, an increase of 256.1 billion yuan from the previous session, with over 3,100 stocks advancing. The semiconductor sector spearheaded the rebound, with related ETFs posting significant gains. Analysts attribute the surge to three converging factors. First, coordinated capital inflows from "national team" institutions, insurance funds, listed company buybacks, and fund house self-purchases have bolstered market liquidity and confidence. Second, supportive policy signals, including commitments from regulators to ensure stable market operations, provided a favorable backdrop. Third, a stabilization and recovery in overseas markets, notably South Korea, created a positive external environment. Institutions suggest the most severe panic selling phase for the tech sector has likely passed, following a significant digestion of crowded positions and leveraged funds. While short-term volatility may persist, the medium to long-term outlook remains underpinned by enduring trends like AI computing demand expansion and semiconductor localization. The market's focus now shifts to the sustainability of supportive fund flows, earnings reports, and upcoming catalysts from the global AI industry chain.

marsbit9 dk önce

STAR 50 Soars 10.73%, Why Did A-Shares Stage a "V-Shaped Reversal"?

marsbit9 dk önce

U.S. Tech Momentum Stocks Post Largest Single-Day Gain Ever, But Is the Plunge Over?

US tech momentum stocks staged a sharp rebound on Tuesday (July 21st). Morgan Stanley's TMT Momentum Factor surged over 12%, marking its largest single-day gain on record, exceeding even peaks from the 2000 dot-com bubble. Key momentum indices from Goldman Sachs also posted their strongest daily performances in years. The rally was led by semiconductors, with the Philadelphia Semiconductor Index jumping 4.6%. This rebound followed three consecutive down days and a cumulative 33% plunge in momentum stocks, one of the steepest drawdowns since the dot-com era. Analysts attribute the surge largely to a short squeeze. Heavy selling had pushed high-beta momentum stocks into deeply oversold territory, forcing many short sellers, particularly in Asia, to cover their positions, creating a self-reinforcing buying spiral. However, the rebound's internals appear weak. Trading volume was notably low, and advancing stocks still lagged decliners on the S&P 500, indicating a narrow, concentrated rally rather than broad market participation. Diverging views emerge on the outlook. BTIG warns the bounce has hit key resistance and recommends selling into strength, citing extreme volatility and historical parallels to past market tops. Conversely, Goldman Sachs and UBS believe the momentum unwind is nearing its end, suggesting it may be time to gradually add exposure, as positioning has been significantly reduced. They caution, however, that high volatility warrants a measured approach, potentially using defined-risk strategies. The upcoming earnings season, particularly reports from major tech firms like Alphabet, is seen as a critical test for the rally's sustainability. Simultaneously, bond markets flashed a warning, with yields rising partly due to spiking oil prices. Analysts note that if long-term Treasury yields break decisively higher, it could pose a significant headwind for equities, especially growth stocks.

marsbit17 dk önce

U.S. Tech Momentum Stocks Post Largest Single-Day Gain Ever, But Is the Plunge Over?

marsbit17 dk önce

U.S. Tech Momentum Stocks Record Largest Single-Day Gain Ever, but Has the Rout Ended?

U.S. tech momentum stocks staged a dramatic rebound on Tuesday, July 21st. Key momentum indices like the Morgan Stanley TMT Momentum Factor and Goldman Sachs' High Beta Momentum Long Index posted historic or near-historic single-day gains, fueled largely by semiconductor stocks. This sharp rally followed a severe three-day sell-off that saw momentum stocks plunge 33%, marking one of the steepest pullbacks since the dot-com bubble. Analysts attribute the bounce primarily to a short squeeze, as forced covering from over-leveraged traders, particularly in Asia, created a buying spiral. However, the rally's health is questioned due to weak market breadth—overall trading volume was low, and decliners outnumbered advancers in the S&P 500 despite the index's gain—suggesting a narrow, concentrated surge rather than broad recovery. Opinions on the sustainability diverge. BTIG strategists warn the rebound has hit key resistance levels, citing extreme volatility and historic stock dispersion as signs of an ongoing broader correction, and recommend selling into strength. Conversely, Goldman Sachs and UBS view the aggressive momentum unwinding as nearing its end, noting reduced positioning and a lack of new fundamental catalysts. They suggest the sell-off presents a selective opportunity to add exposure, albeit cautiously and gradually using defined-risk strategies. The immediate trajectory hinges on the ongoing earnings season, with market focus on Alphabet's capital expenditure guidance for AI investment clarity. Meanwhile, bond markets present a risk, with rising Treasury yields—potentially heading toward 5.5%—and widening credit spreads for mega-cap tech companies posing a threat to equity valuations. The combination of technical factors, earnings results, and macro conditions leaves the durability of the rebound in doubt.

链捕手19 dk önce

U.S. Tech Momentum Stocks Record Largest Single-Day Gain Ever, but Has the Rout Ended?

链捕手19 dk önce

Bitcoin flashes 3 macro-bottom signals – But can BTC reach $70K?

The article discusses Bitcoin's recent price movement above $66,000 and a shift in market analysis from focusing on a local bottom to a potential macro-cycle bottom. It cites a crypto analyst noting that BTC has flashed three historical technical signals that previously coincided with major market bottoms in 2015, 2019, and 2022, suggesting the current zone could be a strong long-term accumulation area. However, the article also highlights a significant challenge: despite the price breakout, on-chain data shows a lack of supporting liquidity. Stablecoin dominance is rising while the total stablecoin market cap is shrinking, with capital continuing to leave exchanges. This divergence indicates that while the technical setup is bullish, the rally may struggle to sustain enough momentum for a decisive move into the $70,000 region without an influx of fresh capital.

ambcrypto21 dk önce

Bitcoin flashes 3 macro-bottom signals – But can BTC reach $70K?

ambcrypto21 dk önce

Long-Divided Must Unite, Long-United Must Divide: When L1 Becomes Its Own Rollup, What Is Ethereum's Endgame?

"The Inevitable Cycle: When L1 Becomes Its Own Rollup – What is Ethereum's Endgame?" For years, the Ethereum community grappled with concerns that L2s were fragmenting the ecosystem and eroding L1's value. While L2s provided cheaper execution, they also splintered liquidity and the unified user experience of a single chain. This has prompted a fundamental reassessment of the relationship between L1 and L2. Ethereum's roadmap is evolving. The "Scale" initiative merges L1 and L2 expansion into a holistic framework. L1 itself is advancing with higher gas limits, statelessness, and zkEVM verification, no longer content to be just a low-throughput settlement layer. Consequently, the primary value proposition of L2s is shifting from merely providing cheap blockspace to offering L1 cannot easily provide: application-specific optimizations, privacy features, and flexible governance models. L2s are becoming a spectrum of execution environments with varying degrees of security inheritance from Ethereum. A critical challenge in this multi-chain future is interoperability. The vision is to make Ethereum "feel like one chain again." This relies on advancements in native account abstraction (like EIP-7702) and intent-based architectures (Open Intents Framework), where users declare desired outcomes, and solvers handle the complex cross-chain execution. Furthermore, shortening Ethereum's finality time from minutes to seconds is crucial, as it underpins trust between chains for bridges, stablecoins, and cross-chain applications. Perhaps the most provocative idea is that Ethereum L1 itself could become a form of "its own Rollup." As zkEVM and proof systems mature, high-performance nodes could execute transactions and generate validity proofs. Regular validators would then verify these proofs instead of re-executing all transactions. This blurs the traditional L1/L2 hierarchy, making "Rollup" more of a general execution-verification architecture. Native Rollup aims to integrate L2 validation more directly into the Ethereum protocol, allowing L2s to inherit L1's security more fully and move away from reliance on security councils. In the end, L2s are not destined to replace L1 or be made obsolete by it. The likely future is a unified system where diverse execution environments—each optimized for specific use cases like DeFi, gaming, or privacy—coexist. They will share a common foundation of security, liquidity, and verifiable state, seamlessly connected to restore a cohesive user experience. The next phase for Ethereum is not just about scaling through separation, but about intelligently reintegrating what was separated back into a coherent whole.

链捕手35 dk önce

Long-Divided Must Unite, Long-United Must Divide: When L1 Becomes Its Own Rollup, What Is Ethereum's Endgame?

链捕手35 dk önce

İşlemler

Spot