Grayscale files Jan 20 SEC S-1 to convert NEAR Trust to spot ETF on NYSE Arca (GSNR)

On January 20, Grayscale submitted a Form S-1 to the SEC to convert its NEAR Trust into a spot ETF, with plans to list on NYSE Arca under ticker GSNR. The fund may allow staking, will use Coinbase for brokerage and custody, and track CoinDesk's NEAR CCIXber Reference Rate. According to CoinGlass, NEAR rallied over 3% intraday from $1.44 to just above $1.80 before easing to around $1.52.