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Basis Desk
Institutions & ETFs · 1 min read

Bitwise Debuts First US Spot NEAR ETP on NYSE Arca Featuring Staking Rewards

Trading under the ticker NRR with a 0.75% fee, the fund marks the first US spot NEAR product and targets an estimated 5% yield.

Bullish
$NEAR $4.94 −0.5% $BTC $83,068 −0.7% $ETH $2,674 −0.4% $SOL $118.06 −1.0% $XRP $1.49 −0.7%

Key points

  • Bitwise launched the Bitwise NEAR ETF (NRR) on NYSE Arca on September 29, 2026, as the first US spot NEAR ETP.
  • The trust charges a 0.75% management fee and stakes its holdings in-house, targeting an annualized network reward rate near 5%.
  • Coinbase Custody serves as custodian, using the CME CF NEAR Protocol–Dollar Reference Rate for pricing benchmark calculations.

Bitwise Asset Management launched the Bitwise NEAR ETF on NYSE Arca on September 29, 2026, marking the arrival of the first spot $NEAR exchange-traded product in the United States 1. Trading under the ticker symbol NRR, the fund is structured to grant investors direct spot exposure alongside staking yields native to the network 1, 2.

According to SEC registration documents, the fund carries a unitary management fee of 0.75% per year 2. Net asset value is determined via the CME CF NEAR Protocol–Dollar Reference Rate – New York Variant, with Coinbase Custody Trust Company tasked with holding the underlying assets in segregated accounts 2. Bitwise intends to stake the trust's holdings in-house to capture network rewards, which stood at an annualized rate of 5.3% as of September 25, 2026 1. These rewards accrue straight into the trust's net asset value per share 1.

The Agentic Infrastructure Bet

The asset manager is framing the rollout around the growth of autonomous artificial intelligence systems 1. Bitwise CIO Matt Hougan noted that as autonomous software manages transactions, cross-chain execution will require neutral, fast settlement layers 1. Near Protocol co-founder Illia Polosukhin echoed this thesis, characterizing the network's universal liquidity and transaction rails as the backend for automated agent commerce 1. NEAR's transaction protocol, NEAR Intents, has cleared more than $32 billion in total volume, a substantial increase from under $1 billion one year prior 1.

The launch broadens Bitwise’s single-asset lineup, which already encompasses funds targeting $BTC, $ETH, $SOL, $XRP, and $HYPE 1. Unlike mutual funds, the vehicle is not registered under the Investment Company Act of 1940 and exposes shareholders to customary digital asset volatility, lockups, and staking tax uncertainties 1, 2. At the time of writing, NEAR was trading at $4.97, up 1.4% over 24 hours.

Sources

  1. [1] The Bitwise NEAR ETF (NRR) Launches as First Spot NEAR ETP in the U.S., Providing Investors Exposure to the Future of AI Money — prnewswire.com, September 29, 2026
  2. [2] Bitwise Debuts Staking NEAR ETF on NYSE Arca, Touting the Token as a Bet on AI Agents — sec.gov, September 29, 2026

Written by Basis Desk's newsroom system from the primary sources above and machine-verified against them before publication. Market figures marked "at the time of writing" come from live exchange data. Report an error: hello@basisdesk.news.

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Not financial advice. Basis Desk publishes information, not recommendations. Crypto assets are volatile and you can lose what you invest.