Bitwise NEAR ETF Files S-1/A Amendment

TL;DR

Bitwise NEAR ETF filed an S-1/A, looks like they're still trying to get this ETF off the ground.

AI Summary

Bitwise NEAR ETF filed an S-1/A amendment on August 15, 2025, to register securities under the Securities Act of 1933. The ETF, incorporated in Delaware, is managed by Bitwise Investment Advisers, LLC, located at 250 Montgomery Street, San Francisco, CA. This filing is an amendment to a previous registration, indicating ongoing efforts to offer shares to the public.

Why It Matters

This S-1/A filing signifies Bitwise's continued efforts to launch or amend the registration for the NEAR ETF, potentially impacting investors interested in NEAR Protocol-related investments.

Risk Assessment

Risk Level: medium — The filing is an amendment to a registration statement, indicating the ETF is in the process of being established or modified, which carries inherent market and regulatory risks.

Key Numbers

• 333-286995 — SEC File Number (Identifies the registration statement with the SEC.)

Key Players & Entities

• Bitwise NEAR ETF (company) — Registrant
• August 15, 2025 (date) — Filing Date
• Bitwise Investment Advisers, LLC (company) — Investment Adviser
• 250 Montgomery Street, Suite 200 San Francisco, California 94104 (address) — Principal Executive Offices
• 333-286995 (registration_number) — SEC File Number

FAQ

Key Financial Figures

• $1.235 billion — o; upon the earliest of (i) when it has $1.235 billion or more in annual revenues; (ii) when i
• $1.0 billion — of 1934; (iii) when it issues more than $1.0 billion of non-convertible debt over a three-ye

Filing Documents

• ea0253241-s1a1_bitwise.htm (S-1/A) — 1079KB
• ea025324101ex-fee_bitwise.htm (EX-FILING FEES) — 13KB
• 0001213900-25-077280.txt ( ) — 1191KB
• ea025324101ex-fee_bitwise_htm.xml (XML) — 3KB

Risk Factors

Risk Factors 10 NEAR, NEAR MARKET AND REGULATION OF NEAR 61 THE TRUST AND Near PRICES 68 Calculation of NAV 74 ADDITIONAL INFORMATION ABOUT THE TRUST 76 The Trust’s Service Providers 81 Custody of the Trust’s Assets 84 THE PRIME EXECUTION AGENT AND the TRADE CREDIT LENDER 86 Form of Shares 92 Transfer of Shares 92 Plan of Distribution 93 Creation and Redemption of Shares 94

Use of Proceeds

Use of Proceeds 100 100 Conflicts of Interest 101 FIDUCIARY AND REGULATORY DUTIES AND OBLIGATIONS OF THE SPONSOR 102 Liability and Indemnification 103 Provisions of Law 105 Management; Voting by Shareholders 105 Meetings 106 Books and Records 106 106 Fiscal Year 106 GOVERNING LAW; CONSENT TO DELAWARE JURISDICTION 106 Legal Matters 107 Experts 107 Material Contracts 107 UNITED STATES FEDERAL INCOME TAX CONSEQUENCES 113 Purchases By Employee Benefit Plans 119 Information You Should Know 120 SUMMARY OF PROMOTIONAL AND SALES MATERIAL 121 Intellectual Property 121 Where You Can Find More Information 121 Privacy Policy 121 REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 122 123 This Prospectus contains information you should consider when making an investment decision about the Shares. You may rely on the information contained in this Prospectus. The Trust and the Sponsor have not authorized any person to provide you with different information and, if anyone provides you with different or inconsistent information, you should not rely on it. This Prospectus is not an offer to sell the Shares in any jurisdiction where the offer or sale of the Shares is not permitted. The Shares are not registered for public sale in any jurisdiction other than the United States. i

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS This Prospectus includes “forward-looking by terminology such as “may,” “will,” “should,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” or the negative of these terms or other comparable terminology. All statements (other than statements of historical fact) included in this Prospectus that address activities, events, or developments that will or may occur in the future, including such matters as movements in the digital asset markets, the Trust’s operations, the Sponsor’s plans, and references to the Trust’s future success and other similar matters, are forward-looking assumptions and analyses the Sponsor has made based on its perception of historical trends, current conditions and expected future developments, as well as other factors appropriate in the circumstances. Whether or not actual results and developments will conform to the Sponsor’s expectations and predictions is subject to a number of risks and uncertainties, including: the special considerations discussed in this Prospectus; general economic, market and business conditions; technology developments regarding the use of NEAR and other digital assets, including the systems used by the Sponsor and the Trust’s custodian in their provision of services to the Trust; changes in laws or regulations, including those concerning taxes, made by governmental authorities or regulatory bodies; and other world economic and political developments, including, without limitation, global pandemics and the societal and governme

View Full Filing

View this S-1/A filing on SEC EDGAR