Grayscale Proposes NEAR Trust ETF Conversion on NYSE

Grayscale Investments filed an S-1 registration with the US SEC to convert its Near Trust into a spot ETF. The proposed ETF will trade under the ticker GSNR on NYSE Arca.

The conversion of the NEAR Trust into an ETF aims to provide institutional investors with regulated access to the NEAR protocol, enhancing asset accessibility via a major exchange.

Grayscale Files for NEAR Spot ETF with SEC

On January 20, 2026, Grayscale Investments filed an S-1 registration with the US SEC to convert its Near Trust into a spot ETF. The proposed ETF will trade under the ticker GSNR on NYSE Arca.

Grayscale will act as the sponsor for the ETF conversion, with Coinbase and the Bank of New York Mellon involved as service providers. This highlights a strategic move to enhance asset accessibility.

Institutional Access to NEAR Set to Broaden

The move aims to widen institutional access to NEAR by providing a regulated investment vehicle. The listing on a major exchange like NYSE Arca would potentially attract more investors.

This conversion marks a pivotal step given Grayscale’s past regulatory successes. James Seyffart, Bloomberg ETF Analyst, noted, “Crypto ETP filings continue to come across the SEC’s desk.” Historical data demonstrates increased investor interest following ETF approvals.

Grayscale’s Legacy of Successful ETF Conversions

Grayscale successfully converted its Bitcoin Trust into a spot ETF in 2023, setting a precedent for future conversion efforts. This NEAR conversion mirrors similar strategies with altcoins, furthering investor diversification.

The market’s positive reception of prior ETF success suggests potential growth for NEAR. Experts view this as a step towards mainstream adoption, leveraging historical analytical trends and data to predict possible outcomes.