Grayscale is promoting the ETF conversion of NEAR Investment Trust—Paper submission completed in the United States



Major cryptocurrency investment trust company Grayscale Investments is advancing plans to convert its NEAR Trust (Grayscale NEAR Trust) into an ETF. The company has already formally submitted an S-1 registration statement to the U.S. Securities and Exchange Commission (SEC).

Currently, shares of this NEAR Trust are traded over-the-counter (OTC) on the OTCQB market under the ticker symbol "GSNR." Grayscale's plan is to list these shares on a major exchange, NYSE Arca, after receiving SEC approval for the registration statement, and to continue trading under the same ticker "GSNR."

This move aims to transition the Grayscale NEAR Trust into a more liquid trading environment under regulation, which is expected to improve investor access.
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