Bitwise Launches First US Spot NEAR ETF With Staking Rewards

Bitwise has launched the Bitwise NEAR ETF, ticker NRR, the first US spot exchange traded product to give investors direct exposure to NEAR. Trading started today, Sept. 29, on NYSE Arca. The fund charges a 0.75% management fee.

NEAR ETF Staking Rewards Explained

Bitwise plans to stake the fund’s NEAR holdings in-house. Any staking rewards earned will go to shareholders through the fund’s net asset value (NAV), so investors don’t need to stake anything themselves.

Bitwise CEO on the AI Agent Economy

Bitwise CEO Hunter Horsley said in a release that AI is changing how people get information and how economic activity happens. He described a future where AI agents act for people, coordinate with each other and take part in the economy, and said NEAR is building a platform for that shift.

Bitwise Single-Asset Crypto ETF Lineup

NRR joins the firm’s existing single-asset products: Bitcoin ETF (BITB), Ethereum ETF (ETHW), Solana ETF (BSOL), XRP ETF (XRP) and Hyperliquid ETF (BHYP).

What Is NEAR Protocol?

NEAR is a blockchain platform built to make it easier to create and run decentralized applications. It offers scalable, developer-friendly infrastructure and uses proof-of-stake, which keeps transactions secure and energy-efficient.

The NEAR token trades around $4.93 with a market cap near $6.5 billion, placing it in the top 20 non-stablecoin cryptocurrencies.