The Grayscale Near Trust ETF is a spot NEAR ETF filed with the SEC on January 20, 2026. The trust seeks to convert from its current OTCQB listing to a spot exchange-traded fund on NYSE Arca, providing investors with exposure to NEAR Protocol tokens through a regulated investment vehicle.

NEAR is a high-speed, low-cost blockchain platform designed for artificial intelligence use cases. Co-founded by Illia Polosukhin, an ex-Google researcher and co-author of the influential Transformer paper that underpins modern AI, the Near Network uses innovative sharding technology called "Nightshade" and the "Doomslug" consensus mechanism to enable fast, scalable transactions.

The ETF would hold NEAR tokens directly with Coinbase Custody Trust Company serving as custodian. The filing includes provisions for potential staking of NEAR tokens through vetted third-party providers, subject to regulatory approval. The Bank of New York Mellon would serve as administrator and transfer agent for the fund.