Coinspeaker
Jan 21, 2026
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Grayscale Files to Launch NEAR Trust ETF, Boosting NEAR Price Prospects

Grayscale NEAR Trust ETF Filing

  • Grayscale has submitted an S-1 form to the SEC to launch its NEAR Trust.
  • The trust will likely convert into a NEAR ETF, similar to Grayscale's Bitcoin and Ethereum trusts.
  • NEAR price increased from $1.50 following this announcement.

Details of the Proposed NEAR ETF

  • Grayscale plans to rename the vehicle as the Grayscale NEAR Trust ETF with ticker GSNR.
  • If approved, it will list shares on NYSE Arca.
  • Staking arrangements with third-party providers are anticipated.
  • The ETF will track the NEAR spot price using CoinDesk NEAR CCIXber Reference Rate.
  • Coinbase Inc is the prime broker; Coinbase Custody Trust Company LLC will be custodian.
  • Bank of New York Mellon will serve as transfer agent and administrator.

NEAR Price Movement & Market Analysis

  • NEAR price surged 28% in early January but fell back to $1.50 before recovering slightly to $1.55.
  • Analyst Crypto Patel suggests potential for a major breakout if NEAR exceeds $5.
  • Targets could reach $21 and further to $48 upon broader market expansion.

NEAR Intents Trading Volume

  • NEAR Intents experienced its highest weekly trading volume since November 2025.
  • Volume increased by 50% over the past week, reaching $677 million.
  • Total swap volume surpassed $10 billion.