News · Institutions & ETFs
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 point 1 of 3
01
Bitwise launched the Bitwise NEAR ETF (NRR) on NYSE Arca on September 29, 2026, as the first US spot NEAR ETP.
Key point 2 of 3
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The trust charges a 0.75% management fee and stakes its holdings in-house, targeting an annualized network reward rate near 5%.
Key point 3 of 3
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Coinbase Custody serves as custodian, using the CME CF NEAR Protocol–Dollar Reference Rate for pricing benchmark calculations.
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.
Why it matters
US institutional and retail accounts gain a regulated, brokerage-accessible vehicle for NEAR exposure that incorporates onchain staking yields without managing private keys.
What to 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.
Sources
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