Bitwise ships first US spot NEAR ETF with staking rewards
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Bitwise began trading its Near ETF on Tuesday, giving U.S. investors a way to bet on the AI-focused Near blockchain from an ordinary brokerage account.
Key facts
- Bitwise charges 0.75% a year for NRR, or $75 on every $10,000 invested
- Near jumped 28% in 24 hours in May on privacy, AI and scaling upgrades, then slid back toward $2 over the summer
- Bitwise filed Delaware paperwork for a Near fund in April 2025, when the token traded at $2.61
- Bitwise adds that Near Intents, a service for swapping assets across different blockchains, has handled more than $32 billion in volume
Summary
Bitwise's Near ETF began trading Tuesday on NYSE Arca under the ticker NRR, with a 0.75% annual fee. Near traded around $5.09 on Binance on Tuesday, roughly triple its August lows around $1.60. The fund plans to stake its Near to chase average rewards of about 5%, which Bitwise says are not guaranteed. Bitwise calls it the first spot Near fund in the U.S. "Spot" means the fund holds actual Near tokens rather than futures contracts, which are bets on where the price goes next.