TLDR
- Bitwise launched the first U.S. spot NEAR ETF, NRR, on NYSE Arca.
- The fund gives investors direct exposure to NEAR without buying the token themselves.
- NRR carries a 0.75% management fee and plans to stake its NEAR holdings.
- Staking rewards will accrue to shareholders through the funds net asset value.
- Bitwise is positioning NEAR as blockchain infrastructure for an AI-driven economy.
Bitwise has launched the Bitwise NEAR ETF, giving U.S. investors spot exposure to NEAR through a product on NYSE Arca. The fund began trading September 29 under ticker NRR. It charges a 0.75% management fee and holds NEAR rather than derivatives.
Bitwise Adds NEAR to Crypto ETF Lineup
NRR expands Bitwises range of single-asset crypto products. The manager offers products tied to Bitcoin, Ethereum, Solana, XRP and Hyperliquid. The new fund adds NEAR amid U.S. demand for regulated crypto products.
The launch follows a strong month for the token. NEAR recently moved above $4 after a sharp September rally. NEAR gained about 80% in one week as traders tracked network activity, NEAR Intents, and new privacy-focused trading tools.
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Staking Rewards Flow Through Fund NAV
Bitwise plans to stake a large share of the funds NEAR through its internal staking team. Rewards earned by the trust will accrue to shareholders through changes in net asset value. Staking rewards can change and are not guaranteed.
NEAR uses a proof-of-stake system to process transactions and support decentralized applications. The structure lets NRR combine spot token exposure with staking income while investors avoid handling tokens, wallets, or validator operations directly.
NEAR ETF Joins Active Crypto Fund Market
Crypto ETF activity has remained active beyond NEAR. U.S. Solana funds recorded their strongest weekly inflow between September 21 and September 25. Solana ETFs drew $188.21 million in weekly inflows, with Bitwises BSOL receiving most of that total.
The fund market gives asset managers ways to offer single-token exposure through regulated exchanges. NRR adds NEAR to the market while keeping its investment focus limited to NEAR and related staking rewards.
Bitwise Connects NEAR With AI Economy
Bitwise is also presenting NEAR as infrastructure for transactions involving AI agents. CEO Hunter Horsley said AI agents may increasingly handle economic tasks and interact with each other. The company views NEAR as one network built for that activity.
Recent market coverage showed NEAR rising as Bitcoin held above $81,000, while use of NEAR Intents also increased. That activity came before NRR started trading and placed NEAR among the stronger large-cap crypto performers during September.
NEAR traded near $4.93 at the time of writing, with a market value near $6.5 billion. NRR now gives U.S. market participants another exchange-traded route to gain exposure to the token without buying NEAR directly.
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The post Bitwise Launches NEAR ETF, but Staking Adds a New Twist appeared first on Blockonomi.