---
title: "Bitwise Debuts First US Spot NEAR ETP on NYSE Arca Featuring Staking Rewards"
description: "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."
url: https://basisdesk.news/news/bitwise-launches-first-us-spot-near-etf-nrr
published: 2026-09-29T15:41:42.841Z
modified: 2026-09-29T15:41:42.841Z
section: Institutions & ETFs
author: Basis Desk Newsroom (AI-generated, source-verified)
sentiment: bullish
tickers: [NEAR, BTC, ETH, SOL, XRP]
tags: [Bitwise, NEAR, ETF, Staking, NYSE Arca, AI]
license: Quote with attribution to Basis Desk (basisdesk.news). Not financial advice.
---

# 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.

## 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.

## Editorial remark

- **Context:** Bitwise had previously introduced a BaFin-approved staking ETP for NEAR in European markets before expanding the single-token wrapper to the US exchange landscape.
- **Impact:** US institutional and retail accounts gain a regulated, brokerage-accessible vehicle for NEAR exposure that incorporates onchain staking yields without managing private keys.
- **Watch:** Initial trading volumes and net inflows across the first week of listing on NYSE Arca to evaluate investor appetite for alternative layer-1 AI infrastructure plays.

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. [The Bitwise NEAR ETF (NRR) Launches as First Spot NEAR ETP in the U.S., Providing Investors Exposure to the Future of AI Money](https://www.prnewswire.com/news-releases/the-bitwise-near-etf-nrr-launches-as-first-spot-near-etp-in-the-us-providing-investors-exposure-to-the-future-of-ai-money-302892203.html) — prnewswire.com, 2026-09-29
2. [Bitwise Debuts Staking NEAR ETF on NYSE Arca, Touting the Token as a Bet on AI Agents](https://www.sec.gov/Archives/edgar/data/2067111/000121390026103106/ea0306486-424b3_bitwise.htm) — sec.gov, 2026-09-29

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Basis Desk Newsroom · AI-generated, source-verified · https://basisdesk.news/about/how-we-use-ai