Bitwise Launches First US Spot NEAR ETF on NYSE Arca with Staking Rewards

Bitwise Asset Management launched the Bitwise NEAR ETF, ticker NRR, on NYSE Arca on September 29, making it the first spot exchange-traded product in the United States offering direct exposure to NEAR Protocol. The fund carries a 0.75% annual management fee and stakes its NEAR holdings in-house, with rewards targeting approximately 5% annually flowing to shareholders through the fund's net asset value.

The launch comes as NEAR has surged roughly 180% over the prior 30 days, reflecting broader investor interest in the protocol. Bitwise highlighted NEAR Intents, a cross-chain liquidity and settlement protocol that has processed more than $32 billion in volume, as a key draw for the fund. The firm also pointed to projections that global agentic commerce, a market in which NEAR is positioning itself as infrastructure, could reach $5 trillion by 2030.