Bitwise updated its proposed NEAR ETF with details traders could actually evaluate. The amended SEC filing added the ticker NRR and described staking as a secondary objective alongside tracking the value of NEAR held by the trust. In practice, that means the fund would aim to follow NEAR’s price, less expenses, while also seeking to earn additional NEAR through staking. NEAR rose sharply after the update.
NEAR rallies from just above $4.20 on the open, pressing through the $5 support and touching resistance at $5.15. The move adds more than 21% across the window, holding last price at $5.111.
More specifically, Bitwise describes a trust that would hold NEAR in custody, track the value of those holdings less expenses, and treat staking as a secondary objective. That framing matters because it sketches the fund’s structure, not just the ticker update.