The Bitwise NEAR ETF, launched on September 29, 2026, on NYSE Arca under the ticker NRR, has reached 15,775,804.74 NEAR in assets under management as of October 12. These holdings are valued at approximately $79.2 million. The fund is the first spot exchange-traded product in the US to provide direct exposure to NEAR tokens.
Initial market demand was evident during the first week of trading, with $35.5 million in inflows recorded on the launch day and cumulative inflows reaching $52.8 million by the end of the first week. As of the October 12 snapshot, the fund had 3,020,000 shares outstanding, with all assets held directly rather than through derivatives.
The product features an annual management fee of 0.75%, with tokens secured by Coinbase Custody. Bitwise intends to stake a significant portion of the fund's NEAR holdings to generate additional rewards. With projected network staking rates at approximately 5% annually, the firm expects these yields to exceed the management fee.
This ETF expands the existing Bitwise lineup of single-asset products, which includes Bitcoin, Ethereum, and Solana. The launch coincides with a reduction in the NEAR network's inflation rate to 2.5% and the completion of the protocol's token unlock schedule.
