I need to assess whether the substantive disclosure content meets the 150-word threshold. The filing contains financial statements, notes, and MD&A sections referenced in the table of contents, but the actual financial data content appears to be cut off. However, the cover page and forward-looking statements boilerplate are excluded from the word count. The substantive content includes the financial statement data and MD&A, but those sections appear to be truncated/not included in the extracted text. What remains after excluding boilerplate is primarily the table of contents and registration details, which is minimal. However, there is enough substantive information (share count, commencement of operations date, financial period, ETF structure details) to work with. Let me proceed with the article based on what is disclosed.

Bitwise NEAR ETF (NYSE Arca:NRR) filed its first quarterly report on Form 10-Q on November 13, 2026, covering the period from September 28, 2026 (commencement of operations) through September 30, 2026.

Key Highlights

  • Commencement of operations: The Trust began operations on September 28, 2026, with the reporting period running through September 30, 2026.
  • Shares outstanding: The registrant had 3,000,000 outstanding shares as of November 8, 2026.
  • Exchange listing: Shares are listed on NYSE Arca, Inc. under the trading symbol NRR.
  • Sponsor and address: Bitwise Investment Advisers, LLC, located at 250 Montgomery Street, Suite 200, San Francisco, California 94104, serves as the Trust's sponsor.
  • Company classification: The Trust is classified as a non-accelerated filer, a smaller reporting company, and an emerging growth company under applicable Exchange Act definitions.
  • Emerging growth company status: The Trust indicated it intends to take advantage of the extended transition period for complying with new or revised accounting standards.

Bitwise NEAR ETF's Inaugural Quarterly Disclosure: Trust Structure and Initial Period

Bitwise NEAR ETF, a Delaware statutory trust with Commission File Number 001-43483 and IRS Employer Identification Number 42-6868426, filed its first Form 10-Q with the U.S. Securities and Exchange Commission on November 13, 2026. According to the filing, the Trust commenced operations on September 28, 2026, making the covered reporting period just three days long, ending September 30, 2026. Financial statements included in the filing are unaudited and cover that brief initial period.

The filing disclosed that the Trust had 3,000,000 outstanding shares as of November 8, 2026, with those shares listed on NYSE Arca, Inc. under the trading symbol NRR. Bitwise Investment Advisers, LLC serves as the Sponsor, operating from its San Francisco headquarters. The Trust's financial statements filed with the report include a Statement of Assets and Liabilities, a Schedule of Investments, a Statement of Operations, a Statement of Changes in Net Assets, and a Statement of Cash Flows, all as of or for the period ending September 30, 2026.

The registrant is classified as an emerging growth company under the Jumpstart Our Business Startups Act. According to the filing, the Trust will retain that status until the earliest of several conditions, including reaching $1.235 billion or more in total annual gross revenues, being deemed a large accelerated filer, issuing more than $1.0 billion in non-convertible debt over a three-year period, or the last day of the fiscal year following the fifth anniversary of its initial public offering. The filing contains forward-looking statements that, according to the Trust's own cautionary language, are subject to risks and uncertainties, and "there can be no assurance that the actual results or developments the Sponsor anticipates will be realized."

What Was Disclosed

Bitwise NEAR ETF submitted its inaugural quarterly report covering a three-day initial operating period from September 28 through September 30, 2026, reporting 3,000,000 shares outstanding and identifying Bitwise Investment Advisers, LLC as Sponsor.