Key Takeaways
- • Bitwise's NEAR ETF (ticker NRR, NYSE Arca) held 15,775,804.74 NEAR, worth approximately $79.2 million, as of October 12, 2026, two weeks after its September 29, 2026 launch.
- • The fund took in $35.5 million of net inflows on its first trading day and $52.8 million cumulative by the end of week one, according to the primary report; later reports place total inflows in the $50–70+ million range.
- • NRR is the first US spot NEAR exchange-traded product, holding NEAR directly with Coinbase Custody as custodian and charging a 0.75% annual management fee.
- • Bitwise plans to stake a significant portion of the fund's NEAR in-house; at projected staking rates near 5% annualized, the expected yield would exceed the fee.
Summary
The Bitwise NEAR ETF held 15,775,804.74 NEAR, worth approximately $79.2 million, as of October 12, 2026, according to Crypto Briefing, two weeks after the fund began trading. Bitwise launched the product on September 29, 2026, under the ticker NRR on NYSE Arca. It is the first US spot exchange-traded product to give investors direct exposure to NEAR tokens.
The fund drew $35.5 million of inflows on its first trading day, according to Bitwise's day-one statistics, which also showed AUM of $36 million and trading volume of $15.1 million. Cumulative inflows reached $52.8 million by the end of the first week. Later reports, as NEAR's price rallied, placed total inflows in the $50–70+ million range. As of the October 12 snapshot, the fund had 3,020,000 shares outstanding. Each share is backed by NEAR held directly rather than by futures contracts or other synthetic exposure.
The fund carries a 0.75% annual management fee, and Coinbase Custody holds the tokens on its behalf. Bitwise plans to stake a significant portion of the fund's NEAR in-house to earn additional rewards. Network staking rates were projected at around 5% annualized at inception, which would comfortably exceed the management fee if sustained.
The product extends Bitwise's single-asset lineup, which already includes Bitcoin, Ethereum, and Solana. The timing coincides with NEAR's positioning as infrastructure for AI applications and a hub for cross-chain functionality. The network's entire token supply has been unlocked, and its inflation rate recently halved to 2.5%, reducing dilution of staking rewards and removing a common source of sudden selling pressure from scheduled unlocks.
The launch gives investors who want NEAR exposure without managing wallets, private keys, or exchange accounts a ticker tradable through a conventional brokerage account. The inflow figures point to meaningful demand, and each additional inflow requires the fund to absorb tokens from the open market. The launch also continues the expansion of US spot crypto products from Bitcoin to Ethereum to Solana and now NEAR.
The fund drew $35.5 million of inflows on its first trading day, according to Bitwise's day-one statistics, which also showed AUM of $36 million and trading volume of $15.1 million. Cumulative inflows reached $52.8 million by the end of the first week. Later reports, as NEAR's price rallied, placed total inflows in the $50–70+ million range. As of the October 12 snapshot, the fund had 3,020,000 shares outstanding. Each share is backed by NEAR held directly rather than by futures contracts or other synthetic exposure.
The fund carries a 0.75% annual management fee, and Coinbase Custody holds the tokens on its behalf. Bitwise plans to stake a significant portion of the fund's NEAR in-house to earn additional rewards. Network staking rates were projected at around 5% annualized at inception, which would comfortably exceed the management fee if sustained.
The product extends Bitwise's single-asset lineup, which already includes Bitcoin, Ethereum, and Solana. The timing coincides with NEAR's positioning as infrastructure for AI applications and a hub for cross-chain functionality. The network's entire token supply has been unlocked, and its inflation rate recently halved to 2.5%, reducing dilution of staking rewards and removing a common source of sudden selling pressure from scheduled unlocks.
The launch gives investors who want NEAR exposure without managing wallets, private keys, or exchange accounts a ticker tradable through a conventional brokerage account. The inflow figures point to meaningful demand, and each additional inflow requires the fund to absorb tokens from the open market. The launch also continues the expansion of US spot crypto products from Bitcoin to Ethereum to Solana and now NEAR.
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