Grayscale Near Trust (NEAR) has filed a Form S-1 to register an indeterminate number of Shares and list them on NYSE Arca under the symbol GSNR, transitioning from OTCQB trading. The Trust is a Delaware statutory trust designed as a passive vehicle that holds the digital asset NEAR, with Shares intended to track the value of NEAR held (including any NEAR earned from potential future staking), less expenses, using a CoinDesk NEAR reference index for pricing. Shares are created and redeemed only in 10,000‑Share Baskets by Authorized Participants through in‑kind NEAR transfers or cash orders facilitated by unaffiliated Liquidity Providers. The Trust is not registered under the Investment Company Act and is treated as an emerging growth company, and the prospectus highlights extensive digital-asset, regulatory, liquidity, staking and operational risks, including the possibility that Shares could trade at significant premiums or discounts to NAV and could lose substantially all of their value.
GSNR: A selling holder filed a Form 144 notice to sell 954 common shares under Rule 144. The filing lists an aggregate market value of $6,678, with an approximate sale date of 10/03/2025. The shares are expected to be sold on OTCQX through Capital Institutional Services, Inc.
The holder reports these shares were originally acquired on 05/24/2024 in a privately negotiated transaction from the issuer, with 8,613 shares acquired and payment noted as USD.