The Bitwise NEAR Staking ETP is an innovative exchange-traded product offering investors exposure to the NEAR blockchain, a high-performance, energy-efficient layer-1 platform designed for AI-native applications. This product is primarily designed to provide both institutional and retail investors with straightforward access to staking rewards, eliminating the need for direct token custody or technical infrastructure management. It is structured to accumulate daily staking yields, enhancing its performance by leveraging transparent benchmarking. The ETP’s low total cost of ownership and secure cold storage by an institutional custodian make it an attractive option for those seeking diversified digital asset exposure. By tapping into the NEAR ecosystem, this ETP facilitates streamlined participation in staking activities, contributing to the broader adoption of blockchain technology in the financial sector.