Bitwise launches first US spot NEAR ETF after token’s recent surge
Bitwise’s NEAR ETF begins trading on NYSE Arca as the token rallies more than 160% over the past month and activity on NEAR Intents grows.
Bitwise’s NEAR ETF begins trading on NYSE Arca as the token rallies more than 160% over the past month and activity on NEAR Intents grows.
Crypto asset manager Bitwise has launched the first US spot exchange-traded product tracking NEAR, giving investors exposure to the token through a fund trading on NYSE Arca.
The Bitwise NEAR ETF, trading under the ticker NRR, carries a 0.75% management fee and will hold NEAR directly, with Bitwise intending to stake a significant portion of the fund’s tokens.
NEAR is a layer-1 blockchain for decentralized applications that shifted its strategy toward AI in 2024 and has since focused increasingly on cross-chain infrastructure and autonomous AI agents.