Bitwise has launched the Bitwise NEAR ETF, trading under ticker NRR on NYSE Arca from September 29, 2026. The asset manager said the product is the first US spot NEAR exchange-traded product, giving investors exchange-listed exposure to the NEAR token while aiming to add staking returns to the fund's net asset value.

NYSE Arca's listing and registration of the shares was certified before trading began, according to a filing with the US Securities and Exchange Commission. Bitwise confirmed the launch in a September 29 announcement.

NRR begins trading on NYSE Arca

NRR is now listed on NYSE Arca, the exchange on which the fund's shares began trading. The launch marks Bitwise's entry into a spot NEAR product in the US market, rather than a vehicle tied to derivatives or another form of indirect exposure.

Secondary reporting also said NRR went live on the exchange on September 29 with spot NEAR exposure and planned staking rewards, corroborating the launch details published by Bitwise.

How NEAR staking is intended to reach NRR shareholders

Bitwise intends to stake the fund's NEAR holdings in-house. Rather than making direct reward distributions to shareholders, the firm said staking rewards are intended to accrue through an increase in NRR's net asset value.

The company cited an annualized staking reward rate of approximately 5% as of September 25, 2026. That figure is a stated rate at that date, not a fixed return for fund shareholders.

Official Bitwise NEAR ETF launch graphic displaying ticker NRR. — Source: Bitwise Investments

The fee against the staking proposition

NRR charges a 0.75% management fee. Bitwise describes the fund as a route to direct NEAR exposure that also pursues additional returns through staking, placing the fund's reward mechanism alongside the ongoing cost of ownership.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Source: Crypto Daily