Bitwise NEAR ETF Clears Listing and Registration Hurdles

The notable detail here is the fee structure: a management fee plus a separate charge on staking rewards, which makes this a bet on two revenue streams rather than one. Staking inside an ETF wrapper is the harder operational and regulatory lift, so clearing listing and registration is a bigger signal than the ticker itself. How the staking charge is disclosed and whether that layered model becomes standard for other staking-linked products is the open question.