Bitwise Launches Spot NEAR ETF on NYSE Arca

Bitwise Asset Management has launched a spot NEAR ETF on NYSE Arca, trading under the ticker NRR. The exchange-traded fund, which began trading on September 29, 2026, offers investors direct exposure to NEAR Protocol tokens and the potential for staking rewards.

The ETF’s underlying Delaware statutory trust was organized in April 2025. The listing received approval from NYSE Arca on September 24, 2026, the same day the U.S. Securities and Exchange Commission (SEC) reported the effectiveness of Bitwise’s registration statement via Form 8-A. Following this regulatory approval, NEAR token prices saw an upward movement, approaching or exceeding $5.

Fund Mechanics and Operations

The Bitwise NEAR ETF has an annual management fee of 0.75%. Bitwise intends to stake 100% of the ETF’s holdings to generate staking rewards. Of these rewards, Bitwise will retain 33% to cover staking-related expenses, with the remaining 67% benefiting the ETF’s shareholders. For the safekeeping of NEAR tokens, Coinbase Custody is employed, while BNY Mellon manages cash operations and administrative duties.

Market Context and Investor Considerations

This launch expands Bitwise’s suite of single-asset cryptocurrency ETFs, adding another layer-1 blockchain to the digital assets available through traditional brokerage accounts. NEAR Protocol has been increasingly focusing on AI-related blockchain infrastructure.

The 0.75% annual fee presents a clear value proposition for investors who would otherwise manage their own cryptocurrency, including setting up wallets, navigating exchanges, and handling staking mechanics. However, for experienced crypto users who already stake their NEAR tokens, this fee structure may be less appealing, especially after Bitwise’s 33% share of staking rewards is factored in.

Bitwise Asset Management is recognized for its existing spot ETFs for Bitcoin and Ether, among other digital asset products. The introduction of the NEAR ETF signifies a continued expansion of regulated investment products within the digital asset sector.

Significance

The launch of the Bitwise spot NEAR ETF on NYSE Arca provides a new regulated avenue for investors to gain exposure to NEAR Protocol tokens and their associated staking rewards, extending Bitwise’s single-asset crypto lineup.