Grayscale has filed an S-1 form with the SEC to convert its NEAR Trust into a spot ETF. This marks the second application for a U.S. NEAR ETF, according to reports. The development indicates continued interest in offering investment vehicles tied to the NEAR protocol within the U.S. market. Spot ETFs are designed to track the current market price of an asset, offering investors direct exposure without holding the asset themselves.

Grayscale has filed an S-1 form with the SEC to convert its NEAR Trust into a spot ETF. This marks the second application for a U.S. NEAR ETF, according to reports. The development indicates continued interest in offering investment vehicles tied to the NEAR protocol within the U.S. market. Spot ETFs are designed to track the current market price of an asset, offering investors direct exposure without holding the asset themselves.