- Bitwise NEAR ETF filed a Form 8-A12B with the SEC on September 24, 2026 to register its shares for listing on NYSE Arca under the ticker NRR
- The trust’s registration statement discloses a 0.75% annual management fee and a plan to stake 100% of its NEAR holdings outside a liquidity reserve
- The trust would retain about 67% of staking rewards generated, with the remaining 33% paid out as staking expenses to service providers
Bitwise NEAR ETF filed a Form 8-A12B with the SEC on September 24, 2026, registering its common shares of beneficial interest for listing on NYSE Arca. The filing, signed by Bitwise Investment Advisers Chief Operating Officer Teddy Fusaro, ties back to the trust’s Form S-1 registration statement, first filed roughly a week earlier, and moves the proposed fund a step closer to an actual NYSE Arca launch under the ticker NRR.
The trust’s underlying S-1/A registration statement lays out the fund’s economics directly: Bitwise, as sponsor, will charge a unitary management fee of 0.75% per year on the trust’s NEAR holdings. That fee structure places NRR in line with other single-asset crypto ETFs that have launched over the past two years, most of which have settled into a similar 0.7% to 0.9% fee range for non-bitcoin, non-ether products.
Staking is built into the product from the start rather than added later. The filing states that “under normal circumstances, the Sponsor anticipates that it will engage in staking with respect to all of the Trust’s NEAR, except for NEAR held in the Liquidity Reserve,” meaning essentially the entire position outside a cash-like buffer kept for redemptions would be actively staked on the NEAR Protocol network rather than sitting idle.
The economics of that staking arrangement favor the fund’s own performance over the service providers running it: the trust retains approximately 67% of the additional NEAR generated through staking, while the remaining 33% is paid out as staking expenses. The filing is explicit that “the Staking Expenses will equal 33% of the amount of the additional NEAR generated by the staking of the Trust’s NEAR,” giving investors a clear, disclosed split rather than an undisclosed or variable cut.
An 8-A12B filing registers a class of securities for exchange listing once a company or trust is ready to move toward trading, so its filing date typically sits close to, though not identical with, an actual launch date, since remaining registration and exchange-certification steps still have to clear first. Bitwise has brought several single-asset crypto ETFs to market using this same sequence of an S-1 registration statement followed by an 8-A12B once the listing exchange process is ready to proceed.
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