Grayscale Hits Refresh on NEAR ETF, Swaps Coinbase Custody for BitGo 🚀

Grayscale Investments has filed an amended S-1 registration statement for its proposed spot NEAR ETF, adding SEC Registration No. 333-292834 and swapping its primary custodian from Coinbase Custody Trust Company, LLC to BitGo Bank & Trust N.A. Coinbase Custody will remain on as an additional custodian. The asset manager submitted Amendment No. 1 to Form S-1 on June 12, updating an initial registration statement filed in January.

The revised filing sharpens the trust's language on staking, stating that the ETF will offer exposure to NEAR staking yield only if permitted under U.S. law, and confirming that the trust, sponsor and custodians are not currently staking NEAR tokens. The document also updates ecosystem statistics, reporting NEAR Protocol's circulating supply at 1.3 billion tokens as of March 31, 2026, and reflecting a decline in market capitalization.

The NEAR ETF amendment follows Grayscale's recent BNB coin ETF amendment and the launch of its Hyperliquid staking ETF in June, as the firm continues to expand its altcoin ETF lineup. Market observers have noted the filing arrives as investor interest in AI-linked tokens builds alongside anticipation around the SpaceX IPO.