Grayscale Revises NEAR ETF Filing Amid Renewed Interest in AI-Linked Crypto Assets

Grayscale Investments has updated its proposed spot NEAR ETF filing with the Securities and Exchange Commission (SEC). The move follows an initial filing in January, which has since been revised to include new information. According to the amended S-1 filing submitted on June 12, Grayscale added SEC Registration No. 333-292834 to the registration statement.

The update introduces custody changes and revised disclosures tied to the NEAR Protocol ecosystem. BitGo replaced Coinbase Custody as the primary custodian for the fund's assets, while Coinbase remains an additional custodian. The filing also includes updated data on the NEAR network, including a circulating supply of 1.3 billion tokens and a market capitalization of approximately $1.5 billion.

The revised language related to staking activities clarifies that the trust may only provide staking-related exposure if U.S. law permits it. Grayscale confirmed that the trust, sponsor, and custodians do not currently stake NEAR tokens.