TheBlock
Bitwise has launched the Bitwise NEAR ETF (NRR), the first US spot exchange-traded product offering direct exposure to NEAR. Trading began Sept. 29 on NYSE Arca. The fund charges a 0.75% management fee, and Bitwise plans to stake its NEAR holdings in-house, with rewards accruing to shareholders through the fund's net asset value.
Why it matters
NRR brings NEAR into Bitwise's lineup of single-asset crypto exchange-traded products, alongside funds tied to Bitcoin, Ethereum, Solana, XRP and Hyperliquid. The staking feature distinguishes the product by routing rewards from the fund's holdings into its NAV, rather than offering shareholders direct control over staking.
Bitwise CEO Hunter Horsley framed NEAR as infrastructure for an emerging AI-powered economy, where AI agents could access information, coordinate and participate in economic activity. NEAR is a proof-of-stake blockchain designed for building and deploying decentralized applications, with an emphasis on scalable, developer-friendly infrastructure.
Market impact
The launch gives investors access to NEAR through a US-listed fund, while adding a staking component to the ETF structure. The 0.75% fee and the treatment of staking rewards are key product terms for investors comparing regulated NEAR exposure with direct token ownership.
NEAR was trading around $4.93, with a market capitalization of about $6.5 billion, at the time of writing. The launch broadens listed crypto exposure beyond the largest assets, but the fund's debut alone does not establish how much investor demand it will attract.
Frequently asked questions
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What is the Bitwise NEAR ETF's ticker and where does it trade?
The fund is the Bitwise NEAR ETF, ticker NRR. It began trading on NYSE Arca on Sept. 29.
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How do NEAR staking rewards reach NRR shareholders?
Bitwise plans to stake the fund's NEAR holdings in-house. The staking rewards accrue to shareholders through the fund's net asset value.
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What management fee does NRR charge?
NRR carries a 0.75% management fee.
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How does NRR fit into Bitwise's crypto ETF lineup?
NRR expands Bitwise's single-asset crypto products, which also include funds tied to Bitcoin, Ethereum, Solana, XRP and Hyperliquid.
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What were NEAR's price and market capitalization at the time of the launch report?
NEAR was trading around $4.93, with a market capitalization of about $6.5 billion, at the time of writing.
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