Grayscale has filed with the SEC to convert its NEAR Trust into a spot NEAR ETF to be listed on NYSE Arca. The move aims to expand the altcoin-focused ETF market and broaden institutional and retail access to NEAR exposure.
Grayscale filed to convert its NEAR Trust into an ETF and list it on NYSE Arca, persisting with ETF conversions despite recent weakness in the fund’s performance. The move aims to expand regulated access to NEAR (ticker: NEAR).

Internet Computer (ICP) and NEAR Protocol were among the hardest hit AI-related tokens on Nov. 11, as a pullback in Nvidia shares rippled through sentiment toward AI-focused crypto assets. Traders are reassessing exposure to AI narratives amid heightened cross-market volatility.