Bitwise NEAR ETF

S-1/A amended

S-1/A amended

The Bitwise NEAR ETF's S-1/A filing outlines risks associated with the NEAR Protocol's decentralized governance, potential double-spending events, code vulnerabilities, competition from other digital assets, and challenges with the Pricing Benchmark. It emphasizes the Trust's reliance on the NEAR Protocol and third-party pricing mechanisms, while highlighting risks related to market competition, liquidity, and operational disruptions. The filing also introduces details about fair valuation processes for NEAR when the Pricing Benchmark is unavailable.

S-1/A amended

The Bitwise NEAR ETF (Trust) seeks to provide exposure to NEAR through a structured investment vehicle. The filing highlights significant risks related to the NEAR Protocol's decentralized governance, potential double-spending vulnerabilities, code flaws, competition from alternative digital assets, and reliance on the Pricing Benchmark for NAV calculations. The Trust faces challenges in maintaining accurate valuation and liquidity amid market uncertainties and regulatory risks.

S-1/A amended

The Bitwise NEAR ETF (Trust) is an exchange-traded product aiming to provide exposure to the value of NEAR, less operational expenses. It is sponsored and managed by Bitwise Investment Advisers, LLC, with a unitary management fee of 0.____% annually. The Trust will issue Shares listed on an exchange, with creation/redemption mechanisms through Authorized Participants. Seed capital was provided by Bitwise Asset Management, Inc., and initial Baskets by Bitwise Investment Manager, LLC. The filing highlights risks including market volatility, regulatory uncertainties, and the speculative nature of the Shares.

S-1 filed

The Bitwise NEAR ETF (Trust) is a new exchange-traded product seeking to provide exposure to the value of NEAR, a digital asset, through common shares of beneficial interest. The Trust will hold NEAR and calculate its net asset value (NAV) based on the CF NEAR-Dollar Settlement Price. It is sponsored and managed by Bitwise Investment Advisers, LLC, which charges a 0.____% annual management fee. The Trust will create and redeem shares in blocks of 10,000 (Baskets) through authorized participants. No public market exists for the shares prior to this offering, and the SEC has not evaluated the investment's risks or merits.