Grayscale Investments has submitted an updated registration statement for its proposed spot NEAR exchange-traded fund, introducing new custody details and refined disclosures as artificial intelligence-linked digital assets capture growing market interest. The amendment includes a registration number not present in the initial filing and replaces Coinbase Custody Trust Company with BitGo Bank & Trust N.A. as the primary custodian, though Coinbase will remain an additional custodian. The document clarifies that staking activities are currently prohibited under U.S. law, and no staking of NEAR tokens occurs at this time.
The revised filing also provides fresh data on the NEAR Protocol ecosystem, indicating a circulating supply of 1.3 billion tokens and a market capitalization of roughly $1.5 billion as of March 31, 2026. The token’s market rank slipped from 39th to 43rd during the period. Additionally, legal counsel has been updated, with Dylan H. Lojac of Davis Polk & Wardwell LLP now listed, and a new checkbox for emerging growth company elections has been added.
This regulatory move comes as the crypto market sees renewed attention on AI-focused projects, partly sparked by SpaceX’s recent public debut with a valuation near $1.77 trillion. NEAR Protocol continues to position itself as a blockchain platform for decentralized AI applications and autonomous agent systems, aligning with the broader trend linking advanced technology themes to digital assets. Grayscale’s amended filing now proceeds through the SEC review process.