Bitwise has launched the first US spot exchange-traded product tracking the NEAR token. The fund, trading on NYSE Arca under the ticker NRR, provides direct exposure to the asset while incorporating a staking strategy to generate additional returns for shareholders.
The annual management fee for the fund is set at 0.75%. Bitwise intends to stake the majority of the NEAR tokens held by the trust. According to the SEC filing, 33% of the generated staking rewards will cover expenses, while the remaining 67% will be reflected in the net asset value.
The regulatory approval process concluded on September 24, 2025, when NYSE Arca approved the listing and the SEC registration became effective. Bitwise initially filed the S-1 registration statement for the fund in May 2025.
Bitwise currently manages a similar NEAR Staking ETP in Europe, which launched on Deutsche Börse Xetra in July 2025. As of September 11, 2025, that European product held approximately $52.3 million in assets under management with an annual expense ratio of 0.85%.
The firm highlights the NEAR Intents protocol as a key component of its investment thesis, noting that the system has processed more than $32 billion in volume. Bitwise positions the network as infrastructure for AI-driven financial transactions.
