Bitwise Launches First US Spot NEAR ETF on NYSE Arca

The staking-rewards component is the notable structural feature here: it bundles yield into a plain brokerage wrapper, a format US regulators have only recently tolerated for altcoin products. That matters less for NEAR specifically than as a template — if spot-plus-staking becomes the standard playbook, the pipeline of single-asset altcoin ETFs could widen considerably. The open question is whether the near-tripling since August reflects durable demand or a launch-window rally that fades once the initial flow passes.