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Bitwise NEAR ETF Achieves $79.2 Million in Assets Within Two Weeks of Launch
The Bitwise NEAR ETF, which launched on September 29, 2026, has rapidly gained traction, holding 15,775,804.74 NEAR tokens worth about $79.2 million as of October 12, 2026. This fund, traded under the ticker NRR on NYSE Arca, is the first U.S. spot exchange-traded product offering direct exposure to NEAR tokens.
On its first trading day, the ETF attracted $35.5 million in inflows, and by the end of its first week, cumulative inflows reached $52.8 million. The fund currently has 3,020,000 shares outstanding, each backed directly by NEAR tokens rather than through futures contracts.
With a 0.75% annual management fee, Coinbase Custody manages the tokens, and Bitwise plans to stake a significant portion of the NEAR held to earn additional rewards. The staking rates at the fund's inception were projected to be around 5% annualized, which could exceed the management fee.
The timing of the ETF's launch aligns with NEAR's strategic positioning as a hub for AI applications and cross-chain functionality. The network's inflation rate has halved to 2.5%, reducing the dilution of staking rewards and eliminating potential selling pressure from token unlocks.
This ETF provides a straightforward investment avenue for those seeking NEAR exposure without the complexities of managing wallets or private keys. The strong inflows indicate a growing demand for regulated digital asset products, expanding the options available to investors.
FAQ
What is the Bitwise NEAR ETF and when was it launched?
The Bitwise NEAR ETF is the first U.S. spot exchange-traded product that offers direct exposure to NEAR tokens. It was launched on September 29, 2026.
How much assets has the Bitwise NEAR ETF accumulated since its launch?
As of October 12, 2026, the Bitwise NEAR ETF has accumulated approximately $79.2 million in assets, holding 15,775,804.74 NEAR tokens.
What is the management fee for the Bitwise NEAR ETF?
The Bitwise NEAR ETF has an annual management fee of 0.75%.
How does the Bitwise NEAR ETF manage its tokens?
The tokens are managed by Coinbase Custody, and Bitwise plans to stake a significant portion of the NEAR held to earn additional rewards.
What are the benefits of investing in the Bitwise NEAR ETF?
Investing in the Bitwise NEAR ETF provides a straightforward avenue for exposure to NEAR tokens without the complexities of managing wallets or private keys, and it allows investors to benefit from potential staking rewards.