Bitwise NEAR ETP Passes $100M: Institutional Demand or Price Rally?
Bitwise says its NEAR fund has handed $100 million. The fund holds 25.2 million NEAR tokens. At Tuesday’s value these tokens are price about $116 million. A month in the past the identical pile was price half that.
The token did the work, with NEAR value up 135% in 30 days. Bitwise wanted no new traders in any respect to cross the $100 million line.
NEAR’s Rally Did Most of the Lifting
The Bitwise NEAR Staking ETP listed in Frankfurt in July 2025. Europeans purchase it like a share. It holds NEAR for them and stakes it, which implies locking tokens to assist run the community in return for newly issued ones.
Each unit is a declare on about 5.18 NEAR. Units are the sincere measure of demand. Token values rise and fall with the market. Unit counts solely rise when any person buys.
An impartial administrator counted 4,882,271 models on September 17. Bitwise’s web page showed 4,912,271 on Tuesday. That is 30,000 new models, an increase of 0.6%, price about $639,000.
Over the identical month the worth of every unit rose 107%. NEAR itself gained 135% in 30 days, in response to NEAR market data.
“A milestone for one more of our European merchandise: the Bitwise NEAR Staking ETP has handed USD 100 million in belongings below administration.,” Bitwise Europe shared.
What Investors Pay and What They Were Promised
The fund costs 0.85% a 12 months. Bitwise additionally retains 33% of the staking rewards. Investors take the opposite 67%.
At launch Bitwise marketed a internet staking return of 5.5%. The present factsheet reveals 3.01%. Network rewards fell. The minimize didn’t. Bitwise’s recent inflows have leaned on merchandise that pay a yield.
“100m in NEAR Bitwise ETP. Gud milestone since launching it a 12 months in the past in Frankfurt,” said Illia Polosukhin, co-founder of NEAR Protocol.
A US model remains to be ready. A September 16 filing names the Bitwise NEAR ETF, ticker NRR, for NYSE Arca. Regulators haven’t authorised it.
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