Bitwise Files for Spot NEAR ETF with SEC

By: coincu news|2025/05/07 17:15:01

Bitwise Asset Management has filed for a spot NEAR ETF with the SEC, naming Coinbase Custody as its custodian. The application was made public on May 6, 2025. The ETF’s potential approval could foster institutional investment in NEAR, contributing to further market legitimacy. Main Content Bitwise Asset Management has submitted a filing to the U.S. Securities and Exchange Commission to launch a spot NEAR ETF . This financial product is intended to track the price movements of the NEAR token via traditional brokerage platforms, ensuring net of fees. If the ETF is approved, it may steer institutional investments into the NEAR Protocol. This would extend accessibility to mainstream investors, potentially bolstering market confidence and liquidity for the token. As of now, details about the ETF’s ticker symbol and exchange listing remain undisclosed. The filing’s announcement saw NEAR’s token price reflecting stability amid a broader downturn in the altcoin market. Despite the announcement, NEAR leadership and Bitwise executives have not made public comments, reflecting the market’s cautious optimism. NEAR Price Analysis Amid ETF Filing Did you know? Regulatory approvals for cryptocurrency ETFs could significantly increase institutional investment in altcoins. According to CoinMarketCap , NEAR is currently priced at $2.34 with a market cap of $2.83 billion. It holds a market dominance of 0.09%. Over the past 24 hours, trading volume reached $172.38 million, reflecting a 60.31% increase. Notably, NEAR has experienced a 13.19% rise over the last 30 days, despite a 29.67% decline over 90 days. The Coincu research team suggests regulatory approvals for such ETFs could mainstream cryptocurrency exposure for institutional investors . This would enhance the trustworthiness of altcoins within investment portfolios, aligning with the precedent set by similar Bitcoin and Ethereum products .

On March 4, 2026, DDC Enterprise Limited (NYSE American: DDC) today announced preliminary, unaudited full-year financial performance for the year ended December 31, 2025. The company expects to achieve record revenue and record positive adjusted EBITDA, primarily driven by continued growth in its core consumer food business and overall margin improvement. The final audited financial report is expected to be released in mid-April 2026.

2025 Full-Year Financial Highlights

Revenue: Expected to be between $39 million and $41 million, reaching a new company high.

Organic Growth: Excluding the impact of the company's strategic contraction of its U.S. operations, core revenue is expected to grow 11% to 17% year over year.

Gross Profit Margin: Expected to be between 28% and 30%, reflecting continued operational efficiency improvements.

Adjusted EBITDA: The company expects to achieve a positive full-year result in 2025, a significant improvement from a $3.5 million loss in 2024, mainly due to rigorous cost controls and a higher-margin sales mix.

Core Consumer Food Business Performance

In 2025, DDC's core consumer food business maintained strong operational performance.

The company also disclosed Core Consumer Food Business Adjusted EBITDA, a metric that further excludes costs related to its Bitcoin reserve strategy and non-cash fair value adjustments related to its Bitcoin holdings from adjusted EBITDA to more accurately reflect the core business performance.

In 2025, Core Consumer Food Business Adjusted EBITDA is expected to be between $5.5 million and $6 million.

Bitcoin Reserve Update

In the first half of 2025, DDC initiated a long-term Bitcoin accumulation strategy, holding Bitcoin as its primary reserve asset.

As of December 31, 2025: The company holds 1,183 BTC.

As of February 28, 2026: Holdings increased to 2,118 BTC

Today's additional purchase of 65 BTC brings the company's total holdings to 2,183 BTC

DDC Founder, Chairman, and CEO Norma Chu stated, "We are proud to have closed 2025 with record revenue and positive adjusted EBITDA, demonstrating the steady growth of the company's consumer food business and the ongoing improvement in profitability. We are building a disciplined, growth-oriented food platform and strategically allocating capital to Bitcoin assets with a long-term view, aligning with our core beliefs. We believe that this dual-track model of 'Steady Consumer Business + Strategic Bitcoin Reserve' will help DDC create lasting long-term value for shareholders."

Adjusted EBITDA Definition
For the full year 2025, the company defines "Adjusted EBITDA" (a non-GAAP financial measure) as: Net income / (loss) excluding the following items:· Interest expense· Taxes· Foreign exchange gains/losses· Long-lived asset impairment· Depreciation and amortization· Non-cash fair value changes related to financial instruments (including Bitcoin holdings)· Stock-based compensation

About DDC Enterprise Limited

DDC Enterprise Limited (NYSE: DDC) is actively implementing its corporate Bitcoin Treasury strategy while continuing to strengthen its position as a leading global Asian food platform.

The company has established Bitcoin as a core reserve asset and is executing a prudent, long-oriented accumulation strategy. While expanding its portfolio of food brands, DDC is gradually becoming one of the public company pioneers in integrating Bitcoin into its corporate financial architecture.

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DDC Enterprise Limited Announces 2025 Unaudited Preliminary Financial Performance: Record Revenue Achieved, Bitcoin Treasury Grows to 2183 Coins