Grayscale Investments has filed an amended registration assertion for its proposed spot NEAR ETF.
Abstract
- Grayscale amended its spot NEAR ETF submitting and added SEC Registration No. 333-292834.
- BitGo changed Coinbase Custody as major custodian, whereas Coinbase stays an extra custodian.
- The submitting up to date NEAR information, together with 1.3 billion circulating tokens and a $1.5 billion market cap.
The replace introduces custody adjustments and revised disclosures tied to the NEAR Protocol ecosystem. The submitting arrives as investor curiosity in synthetic intelligence-linked crypto belongings will increase following SpaceX’s public market debut.
Grayscale revises NEAR ETF registration
In accordance with the amended S-1 submitting submitted on June 12, Grayscale up to date its earlier registration assertion. The revision follows the belief’s authentic submitting submitted in January. The most recent model consists of SEC Registration No. 333-292834, which didn’t seem within the earlier submitting. The modification additionally accommodates compliance-related updates and extra disclosures. Grayscale continues searching for approval for a spot ETF tied to NEAR.
The submitting introduces adjustments to the fund’s custody construction. Earlier paperwork listed Coinbase Custody Belief Firm as the only custodian. The amended submitting names BitGo Financial institution & Belief N.A. as the first custodian. Coinbase Custody will proceed serving as an extra custodian. The revised construction expands the ETF’s custody preparations whereas preserving Coinbase’s function.
The asset supervisor additionally revised language associated to staking actions. The submitting states that the belief might solely present staking-related publicity if U.S. regulation permits it. Grayscale confirmed that the belief, sponsor, and custodians don’t at present stake NEAR tokens. The modification offers clearer language concerning staking restrictions. These disclosures type a part of the up to date registration package deal.
Submitting updates NEAR ecosystem information
The amended submitting additionally updates details about the NEAR Protocol community. In accordance with the doc, circulating provide reached 1.3 billion NEAR tokens as of March 31, 2026. The submitting states that NEAR’s market capitalization stood at roughly $1.5 billion. It additionally reported a decline within the token’s market rating. NEAR moved from thirty ninth place to forty third place throughout the interval coated.
Grayscale additionally expanded authorized and administrative disclosures inside the submitting. The modification provides Davis Polk & Wardwell LLP lawyer Dylan H. Lojac as authorized counsel. The doc consists of formatting adjustments tied to regulatory compliance necessities. It additionally addresses a brand new checkbox associated to rising development firm elections. These revisions accompany the broader registration replace.
SpaceX IPO boosts consideration on AI-linked crypto belongings
The submitting emerged as synthetic intelligence-related crypto narratives regained market consideration. Market individuals have linked a part of that renewed curiosity to SpaceX’s current public itemizing. The aerospace firm entered public markets with a valuation of about $1.77 trillion. The itemizing elevated consideration towards superior know-how themes throughout monetary markets. AI-focused digital belongings have acquired a part of that focus.
NEAR has continued selling infrastructure centered on decentralized synthetic intelligence purposes. The community has additionally developed instruments for autonomous agent programs and associated providers. These initiatives have positioned the mission amongst blockchain networks concentrating on AI use instances. Grayscale’s amended submitting arrived as these themes gained renewed visibility. The up to date registration assertion now awaits additional regulatory evaluate.
