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Grayscale seeks to turn NEAR Protocol Trust into NYSE Arca-listed ETF amid 45% NAV drop
Crypto asset manager Grayscale has submitted a preliminary prospectus to the U.S. Securities and Exchange Commission to convert its NEAR Protocol Trust into an exchange-traded fund planned for listing on NYSE Arca. The GSNR trust, which started OTCQB trading in September, currently manages $900,000 with a net asset value of $2.19 per share, down 45%, while NEAR token prices have fallen about 92% from their January 2022 peak to $1.54.
NEAR
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