Grayscale’s Near ETF Plan Progresses While Token Faces Selling Pressure

Asset manager Grayscale is seeking regulatory approval to convert its Grayscale Near Trust into a spot exchange-traded fund (ETF). The firm filed a Form S-1 registration statement with the US Securities and Exchange Commission on January 20, marking a move to expand its crypto ETF product lineup. Grayscale Moves to Convert Near Trust Into ETF With New SEC Filing For context, the Grayscale Near Trust currently manages about $900,000 in assets and has a net asset value of $2. 19 per share source: https://beincrypto.com/grayscale-near-etf-sec/