Grayscale Files Revised $NEAR ETF Amid Growing AI Hype

Grayscale Investments has filed an amended S-1 for its proposed spot $NEAR ETF, which tracks the prominent AI coin Near. This move comes as investor interest grows amid the blockbuster SpaceX IPO frenzy.

The revised filing coincides with increasing hype around artificial intelligence, a sector that is seeing significant attention from investors and tech companies alike.

Near's market capitalization has seen a notable increase in recent months, with its price reaching new highs. The proposed ETF will allow investors to gain exposure to the AI-focused cryptocurrency without directly holding it.