Bitwise launches first US spot NEAR ETF on NYSE Arca
Bitwise Asset Management launched the first spot NEAR exchange-traded fund in the United States under ticker NRR, offering staking rewards and attracting over $35 million in first-day inflows.
Bitwise Asset Management launched the first U.S. spot NEAR exchange-traded fund, which began trading on NYSE Arca on Sept. 29 under the ticker NRR. The fund charges a 0.75% annual management fee, which is waived on the first $500 million in assets for three months according to newsletter publisher TylerD. The listing offers traditional brokerage accounts direct spot exposure to NEAR Protocol tokens without requiring users to hold crypto natively.[1][4][6][10][13]
The ETF plans to stake its NEAR holdings in-house, allowing staking rewards to flow back to shareholders through the fund's net asset value. As reported by Unchained, Bitwise cited an annualized staking reward rate of 5.3% as of Sept. 25 based on on-chain network data. Under the trust prospectus, about 67% of staking yield goes to the trust, while the remaining 33% is allocated to fees split among staking agents, the custodian, and Bitwise.[4][6][12][13]
Day-one demand reached between $35.5 million and $35.99 million in net inflows, according to CoinMarketCap and BSCN, with NEAR's price climbing between 8.6% and 10% following the debut. Bitwise positioned the fund around NEAR's intersection with artificial intelligence and crypto, with Bitwise Chief Investment Officer Matt Hougan pitching the network as settlement infrastructure for autonomous AI agents that conduct transactions and trades.[2][5][7][8][11][13]
Key facts
- Bitwise listed the first U.S. spot NEAR ETF on NYSE Arca under the ticker NRR on Sept. 29, 2026.
- The ETF carries a 0.75% annual fee, waived on the first $500 million in assets for the first three months.
- NRR stakes its NEAR holdings in-house, with staking rewards accruing to shareholders through the fund's net asset value.
- Bitwise estimated NEAR's annualized staking yield at 5.3% as of Sept. 25, with 33% of rewards deducted for service fees and 67% retained by the trust.
- The ETF gathered $35.5 million to $35.99 million in net inflows on its first day of trading.
- Bitwise and NEAR representatives framed the protocol as settlement infrastructure for AI agents, noting its NEAR Intents protocol has processed over $32 billion in volume.
Sources · 12 sources
- BL
BlockNews@blocknewsdotcomPost on X ·
🚨 JUST IN: Bitwise launches $NRR, the first U.S. spot ETF offering direct exposure to $NEAR, with trading beginning Tuesday on NYSE Arca. 🇺🇸 The fund charges a 0.75% annual management fee and plans to stake its NEAR holdings, allowing investors to receive staking rewards. https://t.co/o1Dbp6nz16
Open source - LS
Laura Shin@laurashinPost on X ·
Bitwise CIO Matt Hougan said NEAR "sits at the intersection of two of the biggest trends in technology: AI and crypto" as the firm launched NRR, which it calls the first spot NEAR ETP in the U.S. https://t.co/wZjBai13MR
Open source - BA
Bankless@BanklessPost on X ·
NEW EPISODE - Why the Near $NRR ETF is Different @NEARProtocol just got a new institutional gateway. @Bitwise CEO @HHorsley and @svrn_ai's @sal_ternullo join @TrustlessState to break down NRR’s strong launch, $32B+ in NEAR Intents volume, staking and token buybacks, and why NEAR may increasingly be viewed as a bet on the convergence of crypto and AI. Plus, why a future with many models, chains, and agents could play directly into NEAR’s strengths. CHAPTERS --- 0:00 NEAR’s New ETF 2:15 Bitwise and NEAR 8:49 Selling NEAR to Investors 12:18 Intents and Buybacks 20:23 Staking and ETF Demand 26:34 The AI Opportunity 33:11 Many Models, Many Chains 38:37 AI Privacy 42:48 Closing Thoughts
Open source - T�
TylerD 🧙♂️@Tyler_Did_ItPost on X ·
The Morning Minute (9.30) ⏰Top News: -Crypto majors chop ahead of economic data; BTC at $84k -Robinhood makes slew of announcements at Summit, including perps, weekend stock trading, agentic trading, social app and more -CBOE may work on tokenized options contracts -Blockchain dot com targeting $500M IPO; Kalshi raising again at $40B -Pump leads onchain protocols in revenue again with $2.26M 🌎 Macro Crypto and Markets -Crypto majors are mostly flat; BTC -0.1% at $83.9k; ETH -1% at $2,690; SOL +1% at $120; HYPE -2% at $86.80; ZEC +1% at $1,424 -Top alt movers include QNT (+25%), ZRO (+12%), PUMP (+11%) and NEAR (+10%) -Oil -1% at $91; Gold +0.75% at $4,211 -Stock futures are slightly red ahead of key economic data; DOW -0.15%, Nasdaq -0.3% -Bitcoin is up 7.33% in September, narrowly ahead of 2024’s 7.29% for the best September on record; it needs to close above roughly $83,600 to hold the title -Cboe and S&P Dow Jones extended their S&P 500 options deal through 2051 and said they may work on tokenized options contracts -Blockchain.com is targeting a $500 million IPO this year at a valuation of up to $6 billion -Aztec brought back https://t.co/oaS0AQ8PoQ to Ethereum, a wallet that hides payment amounts, balances, and recipients using readable names like https://t.co/XQJmvW3LS8 -Zcash developers started moving Tachyon code into the software behind its faster private payments, tying the November upgrade to its larger scaling plan -HSBC named its Hong Kong dollar stablecoin RedCoin, with a launch planned before year-end through its PayMe app and mobile bank -The Bitget attacker moved about $3.9 million of stolen Zcash into the coin's private pool Wednesday morning, where senders, recipients, and amounts are hidden Corporate Treasuries & ETFs -The Bitcoin ETFs saw $66M in net inflows on Tuesday; the ETH ETFs saw $3M in outflows and Solana had $5M in inflows -Bitwise launched the first US spot NEAR ETF, trading on NYSE Arca under NRR with a 0.75% fee, waived on the first $500 million for three months. The fund stakes its tokens and keeps about a third of the rewards. Meme Coin Tracker -Meme leaders were slightly green; DOGE +1%, SHIB +1%, PEPE +2%, PENGU +6%, TRUMP +2%, SPX +3%, Bonk +9% -Robinhood chain leaders were mostly red after no meme mentions at RH Summit day 1; Pons +6% to $384M; AI -11% at $186M; Cashcat -2% at $172M; Hookr +43% and VRAX +300x were top movers -Solana top movers were led by SI +100%, Arthur +40x and Stonk +20%; Ansem -10% to $140M 💰 Token, Airdrop & Protocol Tracker -Pump led onchain protocols in revenue again on Tuesday with $2.26M, followed by Hyperliquid at $1.82M, then Collector Crypt at $760k -Stonk rebounded with $1.16M in revenue on the back of SI soaring to $50M -Kalshi is in advanced talks to raise about $1 billion at a valuation near $40 billion, with Sequoia and Wellington in talks to lead and Tiger Global and Dragoneer possibly joining 🚚 What is happening in NFTs? -NFT leaders were mixed; Punks -1% at 33.49 ETH, BAYC -1% at 6.14 ETH, Pudgy +3% at 3.29 ETH -Cashcats (+43%) and Milady (+12%) led top movers
Open source - BS
BSCN@BSCNewsPost on X ·
Bitwise's spot $NEAR ETF sees incredible first day. On its first full trading day, @Bitwise's spot @NEARProtocol ETF clocked an insane +$35.99M in net inflows. It already holds 0.56% of $NEAR's supply - Equivalent to more than 1 in every 200 tokens. Bullish. https://t.co/tDYikeYgeS
Open source - TM
That Martini Guy ₿@MartiniGuyYTPost on X ·
$NRR is officially trading on NYSE Arca. Bitwise’s new NEAR ETF is the first US spot exchange-traded product giving investors direct exposure to $NEAR through a traditional brokerage account. The fund will also stake its NEAR holdings, with staking rewards accruing through the fund’s NAV. Another major step in bringing crypto assets further into traditional markets. And this time it’s not Bitcoin or Ethereum — it’s $NEAR.
Open source - BA
BanklessArticle ·
Bitwise Is Pitching NEAR to Wall Street as an AI Bet Bitwise's NRR, the first U.S. spot NEAR ETF, drew $35.5M on day one. Hunter Horsley and Sal Ternullo explain the demand and NEAR's AI-first pitch.
Open source - CO
CoinGecko@coingeckoPost on X ·
$NEAR rises 8.6% following the launch of Bitwise’s first US spot NEAR ETF. https://t.co/Ez3miFuUkK
Open source - BS
BSCN@BSCNewsPost on X ·
First U.S.-Listed Spot NEAR ETF Hits NYSE Arca @Bitwise NEAR ETF ($NRR) is now listed on @NYSE Arca, becoming the first regulated exchange-traded product in the U.S. providing exposure to spot $NEAR. The ETF aims to capture the intersection of AI and crypto, giving institutional-quality access to the protocol's robust infrastructure. $NRR uses built-in staking algorithms to pass the network's ~5% staking rewards directly to stockholders. This follows a year of explosive growth in the @NEARprotocol ecosystem, where the"NEAR Intents" cross-chain settlement layer has processed more than $32 billion in volume.
Open source - JS
James Seyffart@JSeyffPost on X ·
NEW: Today @Bitwise is listing the first near:native ETF. Ticker is $NRR. Fee is 0.75% https://t.co/NOjySW7oSu
Open source - CO
CoinMarketCap@CoinMarketCapPost on X ·
ANALYSIS: 🚀 The first-ever US NEAR ETF pulled in $35.5M on day one as NEAR jumped 10%. For a coin its size, that’s a big debut, but can the demand last? Let's explore. 👇 https://t.co/gNhWHtQeHX
Open source - CB
Coin Bureau@coinbureauPost on X ·
🚨HUGE: 15 BILLION Bitwise has launched the FIRST U.S. spot NEAR ETF, giving investors direct exposure to $NEAR through NYSE Arca. The new NRR ETF charges a 0.75% fee and will STAKE its NEAR holdings in-house, with staking rewards flowing back to shareholders through NAV. NEAR now joins Bitcoin, Ethereum, Solana, XRP and Hyperliquid in Bitwise’s expanding single-asset crypto ETF lineup.
Open source - UN
UnchainedArticle ·
Bitwise Debuts Staking NEAR ETF on NYSE Arca, Touting the Token as a Bet on AI Agents Bitwise Asset Management listed a spot NEAR ETF on NYSE Arca on Tuesday, giving U.S. brokerage investors a way to hold the layer 1 token through a fund that also plans to stake it. The Bitwise NEAR ETF trades under the ticker NRR and carries a 0.75% management fee, the firm announced on Sept. 29. Bitwise described it as the first spot NEAR exchange-traded product in the U.S. Bitwise said its institutional staking team plans to stake the fund’s tokens in-house. The release put NEAR’s annualized staking reward rate at 5.3% as of Sept. 25, based on onchain network data, and said rewards will accrue to shareholders through the fund’s net asset value. Rewards are not guaranteed. Not all of that yield reaches the fund. Under the trust’s prospectus , 33% of the NEAR earned from staking goes to fees split among the staking agents, the custodian and Bitwise, leaving the trust with about 67%. Get Unchained’s crypto news in your inbox with the free Unchained Daily newsletter . The AI Agent Pitch Bitwise is selling NRR as exposure to software agents that pay and trade on users’ behalf, with NEAR as the settlement layer. Matt Hougan , Bitwise’s chief investment officer, said in the release that as agents take over tasks such as booking and payments, the world “is going to need settlement infrastructure that’s fast, trustworthy, and doesn’t depend on a single custodian.” He pointed to NEAR Intents , the network’s cross-chain transaction protocol, which Bitwise said has handled more than $32 billion in volume, compared with less than $1 billion a year earlier. Illia Polosukhin , co-founder of NEAR Protocol, described the network as “the vertically integrated stack for the AI + blockchain future,” adding: “AI is the front end, blockchain is the back end.” The firm also cited a market capitalization above $6 billion, a fully unlocked supply, and an inflation rate that was recently cut in half to 2.5%. It said revenue from NEAR’s core products funds token buybacks. Bitwise’s Growing Altcoin Lineup NRR brings to the U.S. a NEAR product Bitwise already runs in Europe, where its staking ETP is approved by German regulator BaFin. It adds to a single-asset U.S. lineup that includes Bitwise funds for bitcoin, ether, SOL, XRP and HYPE. The firm’s HYPE fund, BHYP, was one of three spot Hyperliquid ETFs that drew about $153 million in net inflows in roughly their first month of trading. NRR is not registered under the Investment Company Act of 1940, and the risk disclosures in Bitwise’s release warn that staking exposes the fund to slashing penalties and could slow its ability to meet redemptions. Related Listen: Why the Crypto Market Cap Could Reach $50 Trillion This Cycle The post Bitwise Debuts Staking NEAR ETF on NYSE Arca, Touting the Token as a Bet on AI Agents appeared first on Unchained .
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