On September 29, Bitwise announced that the cryptocurrency asset management firm Bitwise (with client assets of $9 billion) has listed the Bitwise NEAR ETF (ticker NRR) on the NYSE Arca, making it the first spot NEAR exchange-traded product (ETP) in the United States. The fund began trading on September 29, 2026, with a management fee of 0.75%, providing exposure to spot NEAR and plans to stake the NEAR tokens held by the fund. NEAR serves as a blockchain infrastructure for the AI economy, with block times of approximately 1.2 seconds and transaction costs of less than one cent. Bitwise Chief Investment Officer Matt Hougan stated that NEAR is at the intersection of two major technological trends: AI and cryptocurrency.
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Bitwise NEAR ETF (NRR) Launches on US Stock Market as First Spot NEAR ETP
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