Bitwise Asset Management has debuted the Bitwise NEAR Staking Exchange Traded Product (ETP) on Deutsche Börse Xetra, offering institutional and retail investors regulated access to NEAR Protocol staking yields. Trading under ticker NEAR (ISIN: DE000A4A5GV2), the ETP provides daily liquidity and tracks the CF NEAR Staked Return Index, eliminating technical barriers like validator delegation or lock-up periods through institutional-grade cold storage.
The launch fueled immediate market momentum, with NEAR's price surging 8.61% within 24 hours—from $2.08 to $2.20—while trading volume jumped 36.28% to $167.7 million. Market capitalization rose 7.6% to $2.71 billion, reflecting heightened investor engagement. This marks Bitwise's fourth European crypto ETP, joining its Ethereum Staking ETP (ET32), which holds over €200 million in assets.
Designed for simplicity, the ETP enables exposure to NEAR's staking rewards without direct custody management, targeting demand for blockchain income products in regulated markets. NEAR Protocol, ranked second in Q2 2025 monthly active users, leverages scalability and AI-focused infrastructure, with features like chain abstraction enabling cross-chain operations via a single account.