The Bitwise NEAR Staking ETP, listed in Frankfurt in July 2025, has surpassed $100 million in assets under management. The fund currently holds 25.2 million NEAR tokens, which reached a valuation of approximately $116 million as of Tuesday. This growth was primarily driven by a 135% increase in the price of the NEAR token over the past 30 days.
Data indicates that the increase in assets was not driven by significant new investment. The number of fund units rose by only 30 000, or 0.6%, between September 17 and Tuesday, representing an inflow of about $639 000. An independent administrator recorded 4 882 271 units on September 17, while the current count stands at 4 912 271 units.
The ETP charges an annual fee of 0.85%. Bitwise retains 33% of the staking rewards, while investors receive the remaining 67%. While the fund initially advertised a net staking return of 5.5% at launch, the current factsheet lists a return of 3.01% due to a decline in network rewards.
Bitwise is currently seeking approval for a US-based version of the product. A filing submitted on September 16 proposes the Bitwise NEAR ETF with the ticker NRR for listing on the NYSE Arca exchange. As of now, the product has not received regulatory approval.
