NEAR Rally Pushes Bitwise Staking ETP Above $100M

Bitwises NEAR Staking ETP has surpassed $100 million in assets under management, with the milestone driven primarily by NEARs sharp price rally rather than a major surge in new investor demand. The exchange-traded product, which launched in Frankfurt in July 2025, gives European investors exposure to NEAR while staking the underlying tokens to generate network rewards. Each ETP unit represents a claim on approximately 5.18 NEAR. Investor demand increased only modestly over the latest reporting period. An independent administrator recorded 4,882,271 units on September 17, while Bitwises latest…  Read more

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