<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:com="http://www.sec.gov/edgar/common">
  <schemaVersion>X0202</schemaVersion>
<headerData>
    <submissionType>SCHEDULE 13G</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0002157255</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <securitiesClassTitle>Grayscale Near Trust</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>09/22/2026</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0002025000</issuerCik>
        <issuerName>Grayscale Near Trust (NEAR)</issuerName>
        <issuerCusips>
          <issuerCusipNumber>38964Q106</issuerCusipNumber>
        </issuerCusips>
        <issuerPrincipalExecutiveOfficeAddress>
          <com:street1>290 HARBOR DRIVE</com:street1>
          <com:street2>4TH FLOOR</com:street2>
          <com:city>STAMFORD</com:city>
          <com:stateOrCountry>CT</com:stateOrCountry>
          <com:zipCode>06902</com:zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
      </issuerInfo>
      <designateRulesPursuantThisScheduleFiled>
        <designateRulePursuantThisScheduleFiled>Rule 13d-1(c)</designateRulePursuantThisScheduleFiled>
      </designateRulesPursuantThisScheduleFiled>
    </coverPageHeader>
    <coverPageHeaderReportingPersonDetails>

      <reportingPersonName>Karminski Michal Adam</reportingPersonName>
      <citizenshipOrOrganization>R9</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>11474.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>11474.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>11474.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <classPercent>100.0</classPercent>
      <typeOfReportingPerson>IN</typeOfReportingPerson>
    </coverPageHeaderReportingPersonDetails>
    <items>
      <item1>
        <issuerName>Grayscale Near Trust (NEAR)</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>290 HARBOR DRIVE, 4TH FLOOR, STAMFORD, CONNECTICUT, 06902</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>KARMINSKI MICHAL ADAM</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>Bd d'Italie 74, Etage 1, 98000, Monaco</principalBusinessOfficeOrResidenceAddress>
        <citizenship>POLISH</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>Y</notApplicableFlag>
      </item3>
      <item4>
        <amountBeneficiallyOwned>11474

On September 22, 2026, the Reporting Person acquired beneficial ownership of 35 268 shares (8.04% of the class), crossing the 5% threshold. Prior to the filing date of this Schedule 13G, the Reporting Person disposed of shares, reducing its holding to 11,474 shares (2.61% of the class) as of the date hereof.</amountBeneficiallyOwned>
        <classPercent>2.61%</classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote>11474

</solePowerOrDirectToVote>
          <sharedPowerOrDirectToVote>0</sharedPowerOrDirectToVote>
          <solePowerOrDirectToDispose>11474</solePowerOrDirectToDispose>
          <sharedPowerOrDirectToDispose>0</sharedPowerOrDirectToDispose>
        </numberOfSharesPersonHas>
      </item4>
      <item5>
        <notApplicableFlag>N</notApplicableFlag>
        <classOwnership5PercentOrLess>Y</classOwnership5PercentOrLess>
      </item5>
      <item6>
        <notApplicableFlag>Y</notApplicableFlag>
      </item6>
      <item7>
        <notApplicableFlag>Y</notApplicableFlag>
      </item7>
      <item8>
        <notApplicableFlag>Y</notApplicableFlag>
      </item8>
      <item9>
        <notApplicableFlag>Y</notApplicableFlag>
      </item9>
      <item10>
        <notApplicableFlag>N</notApplicableFlag>
        <certifications>By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under &amp;#167; 240.14a-11.

</certifications>
      </item10>
    </items>
    <signatureInformation>
      <reportingPersonName>Karminski Michal Adam</reportingPersonName>
      <signatureDetails>
        <signature>KARMINSKI MICHAL ADAM</signature>
        <title>INDIVIDUAL</title>
        <date>09/25/2026</date>
      </signatureDetails>
    </signatureInformation>
  </formData>
</edgarSubmission>
