Summary
- It was reported that Bitwise is pursuing the issuance of an exchange-traded fund (ETF) based on NEAR Protocol(NEAR).
- It was stated that the Bitwise NEAR ETF has been officially registered in Delaware.
- Delaware is reported to be corporation-friendly and advantageous in terms of taxation, making it a frequent choice for ETF registration.
It is reported that the virtual asset (cryptocurrency) asset management company Bitwise is pursuing the issuance of an exchange-traded fund (ETF) based on NEAR Protocol (NEAR).
On the 25th, the virtual asset specialized channel BME News reported that "Bitwise NEAR ETF' has been officially registered with the Delaware state government." This is interpreted as a procedure for launching the ETF.
Meanwhile, to launch an ETF in the United States, a corporation or trust for ETF operation must be established, and it is customary to register in Delaware, which is corporation-friendly and advantageous in terms of taxation.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.![[Market] Bitcoin breaks below $68,000 as losses deepen](https://media.bloomingbit.io/PROD/news/3a08fe32-6a33-4a62-bb89-4afb5c5399ca.webp?w=250)
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