Grayscale Files with US SEC to Launch NEAR Trust ETF, Will NEAR Price Rally Soon?

Group 1: Grayscale's NEAR Trust and ETF Filing - Grayscale has submitted its S-1 form to the SEC to launch the NEAR Trust, which will later be converted into an NEAR ETF [1] - The proposed Grayscale NEAR Trust ETF aims to track the spot price of NEAR using the CoinDesk NEAR CCIXber Reference Rate, with Coinbase Inc as the prime broker and Coinbase Custody Trust Company LLC as custodian [2] - The NEAR Trust ETF is expected to include a staking feature, with arrangements to stake the Trust's NEAR to vetted third-party staking providers [2] Group 2: NEAR Price Movement - NEAR's price experienced a significant drop to $1.50 earlier today but has shown mild recovery to $1.55 following the ETF filing news [4] - The cryptocurrency saw a 28% surge in the first half of January 2026 before giving up its gains [4] Group 3: Market Analysis and Predictions - Analyst Crypto Patel suggests that NEAR may be setting up for a multi-year breakout, with a breakout above $5 being a key trigger for further upside, targeting $21 and $48 in broader cycle expansion [5] - NEAR Protocol's chain abstraction protocol, NEAR Intents, recorded its largest weekly trading volume since November 2025, with a 50% increase to over $677 million, bringing total swap volume to over $10 billion [6]