Key Takeaways:
Bitwise’s NEAR ETF (NRR) is now out there on NYSE Arca.The fund will stake NEAR with a most staking reward of roughly 5% each year.Over $32 billion quantity has been processed by NEAR Intents.
Bitwise Asset Administration has launched the primary U.S. spot exchange-traded product providing direct publicity to NEAR, giving conventional buyers a brand new route into the blockchain’s token by way of brokerage accounts.
The Bitwise NEAR ETF debuted on NYSE Arca on September twenty ninth beneath the image NRR, charging a 0.75% administration price, and providing a mixture of the spot NEAR publicity and staking.
Bitwise Brings Spot NEAR Publicity to U.S. Traders
NRR doesn’t commerce futures or different derivatives of NRR, however slightly holds NRR outright. The construction may trigger the buyers to demand ETF shares, which in flip might drive purchases of the underlying token to the ETF throughout its creation, probably linking capital inflows to demand for the NEAR spot market.
The product presents buyers a manner to purchase NEAR with out having to deal instantly with personal keys and wallets, or undergo a crypto trade.
This household of single-asset crypto choices has grown to now embrace Bitcoin, Ethereum, Solana, XRP and Hyperliquid, the corporate mentioned in a Monday launch.
Learn Extra: Bitwise Launches First Lighter ETP With 0.85% Price, Bringing LIT to European Markets
Staking Provides a 5% Yield Element
Bitwise additionally plans to institutionalize a big share of NRR’s holdings in NEAR.
The annualized neargstake reward price was roughly 5 % as of September 25, however this won’t be a assured price of return. Internet asset worth will accrue the rewards a stakeholder earns from the fund, not as a set yield.
The construction brings in additional dangers, just like the potential for slashing, operational challenges and liquidity issues from not having the tokens out there at redemption time.
Learn Extra: Bitwise Hyperliquid ETF Targets $11B HYPE Market
NEAR Intents Tops $32B in Transaction Quantity
Bitwise can also be marking the ETF launch with the progress of NEAR’s place within the ecosystem of AI-powered blockchain infrastructure. In keeping with knowledge from Bitwise, NEAR Intents, the community’s cross-chain transaction protocol, has seen over $32 billion in transaction quantity, down from beneath $1 billion a yr in the past.
The protocol’s aim was to allow customers and autonomous software program brokers to work together in a distributed method with no need to maintain every routing transaction individually.
Bitwise says this may occasionally develop much more essential as AI brokers begin making funds, swaps and different monetary transactions for customers. NEAR transactions now full in about 1.2 seconds, and Bitwise reported 100% uptime throughout the community for six years at this level.
NRR Extends Bitwise’s NEAR Technique Into the U.S.
The U.S. opening follows Bitwise’s present operation in Europe and already has a BaFin-approved staking ETP. As per the info as of June 30, 2026, Bitwise has managed round $9 billion price of purchasers’ property.
