Bitwise, one of the largest American fund managers with 12 billion dollars in assets under management, has taken a massive step in a near ETF application. Bitwise officially filed an S-1 form with the United States Securities and Exchange Commission (SEC) to launch an ETF near.
If it is approved, it could be a major turning point nearby, pushing its price at the next level. Meanwhile, other giant institutions are also looking at now for ETF.
Bit files
On May 6, sent a file to the American sec to launch a new ETF called Bitwise Narch Etf. This fund will follow the prize closely, the native token of the Near Blockchain.
The nearby tokens will be held by CUST CUST in sight, a trusted company that ensures the safety of digital assets. They are allowed in New York and are already working with major cryptography projects.
If the dry approves it, it would become the first American ETF linked to NARM, a fast blockchain adapted to developers. Meanwhile, it will allow people to invest almost without having to buy or store the token themselves.
More incoming deposits for near ETF
Last month, April 25, recorded the Bitwise bit near ETF in Delaware. This is generally the first step before depositing with the dry to launch a real ETF which follows the price of Narch.
Bitwise is not the first to show its interest. Before that, gray and 21shares levels have already manufactured close investment products. But jumping into a bit while maintaining could draw more attention, money and new investors nearby.
Technical indicators show mixed signals
Despite the positive news, the prize for the native token of protocol near Protocol Not still strongly reacted. Currently, it is negotiated about $ 2.30, reflecting a 1.6% drop observed in the last 24 hours.
However, short -term technical indicators suggest a certain caution. The MacD signals a downward momentum, while the RSI is now at 90, which suggests that near the training is surache. This configuration suggests that a price drop could be close.
Unless the Bulls manage to defend the key support at $ 2.10 and go up to the resistance zone of $ 2.70.
