Bitwise spot NEAR ETF begins trading on NYSE under ticker NRR

Bitwise Asset Management’s spot NEAR ETF started trading on NYSE Arca on September 29, 2026, under the ticker NRR. It’s the first US exchange-traded fund to give investors direct exposure to NEAR Protocol tokens, adding another layer-1 blockchain to the growing menu of crypto assets available through traditional brokerage accounts. The fund doesn’t just hold NEAR tokens and call it a day. Bitwise plans to stake 100% of the ETF’s holdings, meaning investors get exposure to both price appreciation and staking rewards. How the fund actually works The NEAR ETF charges an annual management fee of 0.75%. Coinbase Custody handles the safekeeping of the actual NEAR tokens, while BNY Mellon manages cash operations and administrative duties. Bitwise takes a 33% cut of the additional NEAR generated through staking, which covers staking-related expenses. The remaining 67% of staking rewards flow back to the fund and its shareholders. The fund’s seed capital tells an interesting origin story. Initial formation involved just $200 for 8 shares priced at $25 each. An affiliate then contributed a far more substantial $500,000 seed basket consisting of 20,000 shares, providing the liquidity foundati...