Bitwise Launched First U.S. Spot NEAR ETF

The new exchange-traded product, ticker NRR, has officially begun trading on the NYSE Arca platform.

Updated on Sept. 29, 2026 in Investing

Isometric editorial illustration of a heavy geometric vault structure, symbolizing a new digital asset security product. — Bitwise has launched the first spot NEAR exchange-traded fund in the United States, which officially began trading on the NYSE Arca under the ticker NRR. AI Illustration. Upload story photo >

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Bitwise has introduced the first spot NEAR exchange-traded product in the United States. The fund officially began trading on the NYSE Arca under the ticker NRR.

Why it matters

The launch provides a regulated, listed vehicle for investors to gain exposure to the NEAR protocol. By incorporating staking rewards, the fund offers a unique approach to managing digital asset holdings within a standard brokerage account.

The NRR fund carries a 0.75% management fee and targets staking rewards of approximately 5%. This supports an ecosystem where NEAR Intents have processed over $32 billion in cumulative volume and total market capitalization exceeds $6 billion.

The players

Bitwise

Bitwise is a crypto-focused asset manager that provides various exchange-traded products for digital assets.

NYSE Arca

NYSE Arca is a prominent American securities exchange known for listing exchange-traded funds and products.

The details

The new fund offers investors exposure to NEAR through a publicly listed security rather than direct token ownership. Bitwise intends to stake the NEAR tokens held by the fund to pursue additional yield for shareholders.

The Bitwise NEAR ETF began trading on NYSE Arca on September 29, 2026.

Market Dynamics

This launch follows the precedent set by the 2024 spot Bitcoin ETFs to bring decentralized assets into traditional market structures. It signals a shift toward institutional-grade access for specialized blockchain protocols within the broader financial sector.

Retail investors can now gain exposure to NEAR through standard brokerage accounts without managing digital wallets or private keys. The inclusion of staking rewards aims to offset the 0.75% management fee, potentially impacting total portfolio returns compared to holding the asset directly.

The takeaway

The introduction of the NRR ETF marks an expansion of crypto-financial products beyond the largest market-cap assets. Investors should monitor how the fund's staking strategy performs relative to the 2.5% inflation rate of the underlying token.