Grayscale Files to Convert Near Trust Into Spot NEAR ETF With Staking Option

Overview

• Grayscale submitted a Form S‑1 to turn the Grayscale Near Trust into a spot NEAR ETF that would list on NYSE Arca under the ticker GSNR.
• Coinbase is designated as prime broker and custodian, with Bank of New York Mellon as transfer agent and administrator, CSC Delaware Trust as trustee, and Continental Stock Transfer & Trust as co‑transfer agent.
• The prospectus allows in‑kind or cash creations and redemptions in 10,000‑share baskets and references the CoinDesk NEAR CCIXber rate for spot pricing.
• The filing explicitly permits staking of NEAR through vetted third‑party providers subject to custodial arrangements and regulatory approval.
• The trust currently trades on OTCQB with roughly $900,000 in assets, and the news coincided with a modest intraday uptick in NEAR’s price and trading activity.