NEAR Rally Pushes Bitwise Staking ETP Above $100M

Bitwise's NEAR Staking ETP surpassed $100 million in assets under management, driven primarily by NEAR's sharp price rally rather than a surge in new investor demand. The ETP, launched in Frankfurt in July 2025, gives European investors exposure to NEAR while staking tokens. Each unit represents about 5.18 NEAR, with 4,882,271 units recorded on September 17.