Bitwise Launches First U.S. Spot NEAR ETF With In-House Staking

Bitwise launches the first U.S. spot NEAR ETF, NRR, on NYSE Arca with a 0.75% fee and in-house NEAR staking

Bitwise has launched the first U.S. spot NEAR exchange-traded fund, giving investors exposure to the NEAR token through shares listed on NYSE Arca.

The Bitwise NEAR ETF, which trades under the ticker NRR, charges a 0.75% management fee and is designed to hold NEAR directly. A key feature of the product is its in-house staking strategy, allowing the fund to stake its NEAR holdings rather than leaving them idle.

Coin Bureau highlighted the launch in a post on X, describing the product as the first U.S. spot NEAR ETF and noting that staking rewards will flow back to shareholders through the fund’s net asset value.

NRR Adds Staking to NEAR Exposure

The ETF combines market exposure to NEAR with participation in the network’s staking process. Under the structure, Bitwise intends to stake the fund’s NEAR holdings through its own staking operation.

Staking rewards are reflected in the fund’s net asset value, meaning shareholders receive the economic benefit through the value of their ETF holdings rather than through a separate distribution of NEAR tokens.

The 0.75% fee represents the management charge associated with the product. Investors in NRR therefore gain exposure to NEAR through a regulated exchange-traded vehicle rather than purchasing and holding the cryptocurrency directly.

The fund’s regulatory filings identify its primary objective as providing exposure to the value of NEAR held by the trust, with staking representing a secondary objective.

NEAR Joins Bitwise’s Single-Asset Crypto ETF Lineup

The launch expands Bitwise’s range of single-asset cryptocurrency exchange-traded products in the U.S.

According to Coin Bureau, NEAR now joins Bitcoin, Ethereum, Solana, XRP and Hyperliquid in Bitwise’s expanding lineup of single-asset crypto ETFs.

The addition gives NEAR a dedicated exchange-traded product alongside several of the digital assets for which U.S. investors can already obtain exposure through Bitwise-managed vehicles.

For NEAR, the structure also places staking directly within an investment product traded on a traditional stock exchange. Rather than requiring investors to manage wallets, tokens or staking arrangements themselves, the ETF handles the underlying holdings and staking operations.

ETF Structure Expands Access to NEAR

The launch creates another route for investors seeking exposure to NEAR without directly holding the token. NRR’s structure is based on the fund holding NEAR while calculating its net asset value against the cryptocurrency’s market value.

The combination of spot exposure and in-house staking distinguishes the product from investment vehicles that provide only price exposure. However, staking rewards are not guaranteed and can vary over time, while the value of the underlying NEAR holdings remains subject to cryptocurrency market volatility.

NRR’s introduction adds another product to the growing range of single-asset crypto investment vehicles available through traditional market infrastructure, with NEAR now represented in Bitwise’s U.S. lineup.

Writer: Victoria Hale
Technology & Blockchain Writer

Victoria Hale writes about blockchain technology, digital infrastructure, and the intersection of emerging technologies with finance. Her articles explore how new protocols and systems are shaping the evolving digital economy.

She prioritises clarity and accuracy when explaining technical developments to a general audience.