$NEAR at $1.55 as Grayscale moves to convert its NEAR Trust to a full ETF on NYSE Arca. The ETF floodgates are opening.
What's Happening:
🔥 ETF Filing: Grayscale filed with SEC to convert NEAR Protocol Trust (GSNR) into an ETF on NYSE Arca.
Pattern Continues: Follows Grayscale's 2025 conversions of Chainlink, XRP, and Digital Large Cap trusts to ETFs.
Current Trust: NEAR Trust has $900K AUM, trading with NAV of $2.19 — down 45% since September launch.
More Coming: Grayscale also formed Delaware trusts for potential BNB and Hyperliquid ETFs this month.
Why It Matters:
The altcoin ETF race is accelerating. Grayscale's systematic conversion of trusts to ETFs creates regulated on-ramps for institutions who can't hold crypto directly. NEAR Protocol — an AI-native L1 built for decentralized applications and AI agents — represents the growing overlap between AI and blockchain narratives. While NEAR has fallen 92% from its 2022 ATH, ETF approval could trigger a sentiment reversal.
Technical View:
$1.50 is critical support that has held through recent volatility. A confirmed ETF approval catalyst could target $2.00 initially, with $2.50 as extended resistance. Current price action is consolidating — watch for volume expansion on news developments.
🎯 Key Levels:
Support: $1.50 | Resistance: $2.00
24h Range: $1.52 - $1.58
💡 "First they ignore your Trust, then they convert it to an ETF. NEAR just got upgraded from OTC to NYSE."
What's your take? Drop a 🔥 for bullish, ❄️ for bearish 👇
#NEAR #NEARProtocol #Grayscale #ETF #AI
Disclaimer: This content is for educational purposes only and should not be considered financial advice. Always do your own research (DYOR) before making any investment decisions.
