Grayscale Investments has filed an application with the U.S. Securities and Exchange Commission (SEC) to convert its NEAR coin-based trust into a spot ETF. The firm has taken a similar approach with other altcoin-based products.
The document states that, if the regulator approves the conversion, the exchange-traded fund’s shares will trade on NYSE Arca. In that case, the product will be renamed Grayscale Near Trust ETF.
The goal of this exchange-traded fund is to provide investors with direct exposure to the NEAR asset. The product will invest directly in the coins. Its structure also includes the ability to stake the trust’s coins.
The Bank of New York Mellon will serve as the share issuance and redemption agent. Coinbase will provide brokerage and custody services.
Although the trust was initially closed to public trading, its shares are traded on the OTCQB over-the-counter market under the ticker GSNR. Grayscale Investments introduced the product back in May 2024 as part of its altcoin-based ETF basket.
In addition, Bitwise has also filed an application to launch a NEAR-based fund.
NEAR showed no notable reaction to the news. The asset plunged on January 18–19, 2026, amid a broader market-wide correction, and has yet to recover.
NEAR/USDT price on the Binance exchange. Source: TradingView.
Earlier, we covered the NEAR Protocol project’s 2026 roadmap.


