#BitwiseFilesFinalNEARSpotETFProspectus Bitwise Files Final Prospectus for Spot NEAR ETF — NEAR Hits One-Year High
NEAR Protocol has become the center of attention in the crypto market over the past few days. Bitwise has filed the final prospectus for its spot NEAR ETF, and the fund has now cleared final hurdles to list on NYSE Arca under the ticker "NRR."
Price Action$NRG.US
#StrategyStriveAdd2305BitcoinThisWeek
Following the news, NEAR saw a strong rally. It surged more than 7% on Sunday, while Bitcoin gained just 0.6% over the same period — meaning altcoin momentum clearly outpaced Bitcoin. NEAR was trading around $5 over the past 24 hours, and its one-year return has climbed to roughly 96%.
ETF Features
This isn't a simple spot product — its primary objective is to track NEAR's value, but it also aims to earn additional NEAR through staking, which makes it more unusual than a typical spot crypto ETF. The trust plans to stake all of its NEAR holdings and pass most staking rewards to shareholders — staking expenses will take just 33% (split between staking agents, the custodian, and the sponsor), leaving the trust with roughly 67% of the rewards. Bitwise will also earn a 0.75% annual sponsor fee from the trust.$
NEAR Protocol has become the center of attention in the crypto market over the past few days. Bitwise has filed the final prospectus for its spot NEAR ETF, and the fund has now cleared final hurdles to list on NYSE Arca under the ticker "NRR."
Price Action$NRG.US
#StrategyStriveAdd2305BitcoinThisWeek
Following the news, NEAR saw a strong rally. It surged more than 7% on Sunday, while Bitcoin gained just 0.6% over the same period — meaning altcoin momentum clearly outpaced Bitcoin. NEAR was trading around $5 over the past 24 hours, and its one-year return has climbed to roughly 96%.
ETF Features
This isn't a simple spot product — its primary objective is to track NEAR's value, but it also aims to earn additional NEAR through staking, which makes it more unusual than a typical spot crypto ETF. The trust plans to stake all of its NEAR holdings and pass most staking rewards to shareholders — staking expenses will take just 33% (split between staking agents, the custodian, and the sponsor), leaving the trust with roughly 67% of the rewards. Bitwise will also earn a 0.75% annual sponsor fee from the trust.$