Key Notes
- The Grayscale NEAR ETF will track the NEAR price using the CoinDesk reference rate, with Coinbase Custody serving as prime custodian.
- Following the SEC filing, NEAR price bounced back after hitting the lows of $1.5 earlier today.
- Market analysts continue to stay bullish as NEAR Intents trading volume surges rapidly.
Crypto asset manager Grayscale recently submitted its S-1 form to the US Securities and Exchange Commission (SEC) to launch its NEAR Trust in the market.
The filing notes that the asset manager would later convert this trust into an NEAR
NEAR
$1.52
24h volatility:
1.6%
Market cap:
$1.96 B
Vol. 24h:
$205.73 M
ETF, a move similar to what Grayscale made with its Bitcoin
BTC
$89 078
24h volatility:
1.8%
Market cap:
$1.78 T
Vol. 24h:
$58.77 B
and Ethereum
ETH
$2 961
24h volatility:
4.1%
Market cap:
$358.13 B
Vol. 24h:
$33.29 B
trusts. As a result, the NEAR price has bounced back from the bottom of $1.50 earlier today.
Grayscale NEAR ETF to Have a Staking Feature
In the filing dated January 20, Grayscale said it intends to restructure and rename the vehicle as the Grayscale NEAR Trust ETF. If approved, the firm plans to list its shares on NYSE Arca, under its proposed ticker GSNR.
Grayscale added that management fees and additional product details will be disclosed in future SEC filings. Interestingly, the language of the filing also hints at the potential of staking ahead. It reads:
“The sponsor anticipates that the Trust would enter into written arrangements with the Custodian to stake the Trust’s NEAR to one or more vetted third-party staking providers.”
The proposed Grayscale NEAR Trust ETF will track the spot price of NEAR using the CoinDesk NEAR CCIXber Reference Rate. As per the filing, Coinbase Inc is listed as the prime broker. Coinbase Custody Trust Company LLC will act as custodian.
Similarly, Bank of New York Mellon will serve as the transfer agent and administrator. Interestingly, the recent filing comes soon after Grayscale filed for a spot BNB ETF earlier this month.
What Happens to NEAR Price Next?
NEAR, the native cryptocurrency of the NEAR Protocol, saw a good start to 2026 with its price surging 28% in the first half of January. However, the asset has given up all of its gains, moving to $1.50 earlier today. Following the news of NEAR ETF filing by Grayscale, there’s some mild recovery with the NEAR price trading at $1.55 as of now.
Crypto analyst Crypto Patel said the NEAR price could be setting up for a major multi-year breakout. He noted to a long-term descending wedge structure that has been forming since the token’s 2021 all-time high.
As of now, the NEAR price seems to defend the rising trendline support. He said a breakout above $5 would be the primary trigger for upside continuation. If that level is reclaimed, Patel outlined upside targets at $21 and further to $48 on broader cycle expansion.
On the other hand, NEAR Protocol’s chain abstraction protocol, NEAR Intents, clocked its largest weekly trading volume since November 2025. During the past week, the trading volume jumped 50% to over $677 million, thereby taking the total swap volume to over $10 billion.
nextDisclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
ETH/BTC Price Ratio Rebounds to 0.0313 in Q1 2026 as Ethereum User Base Surges 82%
In Q1 2026, the Ethereum-to-Bitcoin price ratio reached a three-month high at 0.0313. Ethereum added 284,000 users and surpassed $180 billion in stablecoin supply. Bitcoin remained strong above $74,000, driven by significant ETF inflows.
GateNews2h ago
Why is Bitcoin up today? Trump says Iran is seeking a truce, and risk assets move higher across the board
On April 15, Bitcoin rebounded about 6% after Trump said Iran is seeking to reach an agreement, breaking above $75,000. Expectations for the resumption of U.S.-Iran negotiations warmed up, lifting Asian stock markets. Technically, roughly $6 billion worth of short positions were forced to close, accelerating the rebound. Analysts said that if the U.S.-Iran situation continues to ease, Bitcoin could break through $80,000, and they predicted it may reach $150,000 by year-end.
MarketWhisper6h ago
Bitmine is promoted to the NYSE main board! Tom Lee: US stocks may be at a bottom, and selling pressure on Ether could ease
Bitmine officially transferred from the NYSE American market to the main board, marking a significant milestone for the company. Despite a sharp drop in its share price, it still increased the share repurchase program to $4 billion. The company holds a large amount of Ether, and expects that a rebound in the crypto market will help improve its assets and share price performance.
CryptoCity6h ago
ETH 15-minute up 0.66%: On-chain large transfers in sync drove a net inflow of funds, boosting spot buying pressure
2026-04-15 00:00 to 00:15 (UTC), ETH shows a local anomaly. The 15-minute return rate is +0.66%. The trading price range is 2321.93–2343.2 USDT, with a range of 0.92%. During this period, market attention increased, volatility slightly intensified, buy pressure in the order book shifted upward in the short term, and quickly pushed spot prices up into a key resistance area.
The main drivers of this anomaly are large on-chain transfers and inflows of capital in combination. At the beginning of the window, multiple large ETH transfers appeared, including 8,676 ETH and 6,551 ETH, respectively, transferring from a large source to the
GateNews6h ago
BTC 15-minute drop of 0.54%: Liquidity worsens and whales actively reduce positions, putting short-term pressure on the market
From 22:15 to 22:30 (UTC) on 2026-04-14, BTC saw a short-term pullback of 0.54% within the high-range band of 73911.6 - 74314.4 USDT, with a return of -0.54%. During this period, market swings were evident, volatility intensified, attention from the market quickly increased, and downward pressure on the order book was prominent.
The main drivers behind this unusual move were the continued deterioration of market liquidity and a clear lack of order book depth, which made the BTC price extremely sensitive to large sell orders. At the same time, during the key time window, whale wallets carried out large transfers and also engaged in active de-risking,
GateNews8h ago
ETH 15-minute drop of 0.61%: Sell orders concentrate and release while bearish sentiment intensifies, increasing downward pressure
2026-04-14 22:15 to 2026-04-14 22:30 (UTC) during this period, on the 15-minute K-line, ETH recorded a -0.61% return, with a price range of 2313.68 to 2328.54 USDT and a fluctuation of 0.64%. During this period, market attention increased, trading volume expanded noticeably, and heightened short-term volatility sparked strong interest in the subsequent trend.
The main drivers behind this unusual move are the concentrated release of sell orders and continued net outflows of on-chain funds. Specifically, the sell volume share rose to 52%, higher than the buy side at 48%, indicating heavy selling pressure
GateNews8h ago
