Bitwise spot NEAR ETF begins trading on NYSE under ticker NRR

Bitwise launched the first US spot NEAR Protocol ETF (NRR) on NYSE Arca on September 29, 2026, with a 0.75% annual fee. The fund stakes its NEAR holdings, retaining 67% of staking rewards after 33% covers expenses. NEAR's average staking reward was about 5% annually as of September 25, 2026, according to Bitwise. The ETF provides regulated exposure to NEAR for US investors, with staking mechanics affecting net returns.

Bitwise launched the Bitwise NEAR ETF (NRR) on NYSE Arca, with a 0.75% annual fee. The company's research report sets a $562.81 target for NEAR by 2030 in an optimistic scenario, based on a 50x price-to-sales multiple. NEAR's tokenomics focus on AI agents, and the ETF offers staking with a 5% annual yield. NEAR ranks second in active addresses, with 47 million.

Bitwise Asset Management launched the Bitwise NEAR ETF (NRR) on NYSE Arca, offering exposure to NEAR, a blockchain infrastructure for AI-powered economies. The fund aims to provide staking rewards and will trade with a 0.75% management fee. NEAR is noted for its growth, security, and scalability, with a market cap of over $6B. Bitwise manages $9B in client assets and offers other crypto ETFs.

Bitwise's spot NEAR ETF (ticker NRR) received regulatory approval and will begin trading on NYSE Arca on September 29, 2026. The NEAR token surged 26% to $5.55 following the news. The ETF will hold NEAR tokens and stake 100% of its holdings, offering additional yield. Bitwise set an annual fee of 0.75% and provided price targets of $155 (base case) and $562 (bull case) for NEAR by 2030, according to their analysis.

Bitwise filed a prospectus for a spot NEAR ETF and published a report projecting NEAR Protocol (NEAR) could reach $155 by 2030 in its base case scenario. The report outlines three scenarios, with bullish and bearish targets of $563 and $1.63, respectively. The projections are based on AI agent adoption and network usage, with NEAR expected to capture 2% of a projected 16.4 billion global agent population by 2030.

Bitwise filed Form 8-A for its NEAR ETF (ticker NRR) on NYSE Arca, with the SEC declaring the fund's registration effective. NEAR's price surged 9.2% to $4.88, with a 30% weekly and 160% monthly gain. The ETF will hold and stake NEAR, aiming for additional returns. Bitwise has seen $70M in spot crypto moved into its ETFs this quarter.