Bitwise launches first US spot NEAR ETF on NYSE Arca under NRR with staking
Bitwise's spot NEAR ETF began trading on NYSE Arca on Sept. 29 as NRR, holding NEAR directly and staking it; assets grew from about $36 million to $52.8 million in two sessions.
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Why it matters
NRR gives US brokerage accounts a spot, staking-enabled route into NEAR that did not exist before, and its first two sessions took in tens of millions of dollars. The AI-agent argument and the $32 billion NEAR Intents figure come from Bitwise's own materials, and Bitwise's 2030 valuation model has not been independently tested in this coverage.
Where the sources disagree
NEAR market capitalization
$1 billion
Cointelegraph
$6.5 billion
Decrypt
CryptoPotato put the figure above $6 billion and Decrypt put it at $6.5 billion, both on launch day.
Size of NEAR's rally before the ETF launch
about 167% over the past month
Cointelegraph
more than 160% over the past month
Cointelegraph
nearly tripled from August lows near $1.60
Decrypt
roughly 130% in ten days, from $2.34 to $5.42
Blockchain.News
more than 15% over the week
CoinGape
Sources measured the run-up over different windows, so the percentage gains are not comparable.
Figures that do not reconcile
Found by comparing the numbers in the reports automatically. They are differences, not yet confirmed to be about the same thing.
reported market figure
$1 billion
CryptoPotato
$6.5 billion
Decrypt
CryptoPotato reports $1 billion, Decrypt reports $6.5 billion (85% apart).
reported flows (inflows)
$35.99 million
Crypto News (CryptoNews.net)
$13.2 million
U.Today
Crypto News (CryptoNews.net) reports $35.99 million, U.Today reports $13.2 million (63% apart).
Key facts
Bitwise Asset Management's spot NEAR ETF began trading on NYSE Arca under the ticker NRR on September 29, 2026.
Reported by Bankless
The fund charges a 0.75% annual management fee, holds NEAR rather than derivatives, and uses Coinbase Custody as custodian.
0.75 %Reported by Bankless
Bitwise intends to stake the full NEAR position under normal conditions, with about 67% of staking rewards retained by the trust and 33% going to fees.
67 %Reported by Bankless
The SEC registration took effect on September 24 after Bitwise first filed in May 2025.
Reported by CryptoPotato
Bitwise says the NEAR Intents cross-chain protocol has processed more than $32 billion in volume, against under $1 billion a year earlier.
32,000,000,000 USDDisputed figureReported by Cointelegraph
NEAR traded between about $4.93 and $5.09 on launch day after gaining roughly 167% over the prior month.
167 %Disputed figureReported by Cointelegraph
What happened
Bitwise Asset Management's spot NEAR exchange-traded product began trading on NYSE Arca on September 29 under the ticker NRR, holding NEAR directly with Coinbase Custody as custodian and a 0.75% annual management fee; Bitwise calls it the first spot NEAR ETP in the United States. CryptoPotato reported the SEC registration took effect on September 24 after Bitwise first filed in May 2025, and Blockchain.News said NYSE Arca had approved the listing application at the same time. Bitwise plans to stake the fund's NEAR through its own institutional team, keeping roughly 67% of the rewards in the trust and paying 33% to the staking agents, custodian and Bitwise; Bitwise put NEAR's annualized staking rate at about 5% while Unchained cited 5.3% as of September 25, and Bitwise said rewards are not guaranteed. Assets under management went from about $36 million on debut day, with ambcrypto's write-up carried by Crypto News reporting roughly $35.99 million of net inflows in the first session, to $52.8 million after a second day that brought $13.2 million of net inflows on $20.1 million of volume, and Matt Hougan called it a strong launch. NEAR traded between roughly $4.93 and $5.09 across exchanges on launch day after gaining about 167% over the prior month, while ambcrypto's chart commentary described a $5.57 peak and a pullback into a $4.60–$5.57 range. Bitwise is selling NRR as AI-agent settlement infrastructure, citing NEAR Intents volume above $32 billion against under $1 billion a year earlier, and it published a 40-page report whose optimistic scenario modeled $562.81 by 2030.
How the story developed
- First report
First report by Blockchain.News
NEAR Price Prediction: ETF Ignition Meets an Overbought Ceiling — $6 or Snap Back to $4.45?
- Update
NYSE Arca approval and SEC registration effectiveness reported ahead of launch
Blockchain.News reported that NYSE Arca had approved the Bitwise NEAR ETF listing application and that the SEC confirmed registration effectiveness via Form 8-A, under ticker NRR with the full position staked for yield.
- Independent corroboration
Independently corroborated by Bankless
Bitwise Teases NEAR ETF Launch for Today
- Official statement
Bitwise announces NRR begins trading on NYSE Arca
Bitwise said the fund started on September 29 under ticker NRR with a 0.75% fee, direct NEAR holdings, Coinbase Custody as custodian, and staking through Bitwise's own team.
- Update
Bitwise research report models an optimistic NEAR path to $562.81 by 2030
U.Today reported that CIO Matt Hougan and head of European research André Dragosch presented the 40-page model alongside the listing.
- Update
NEAR Intents volume and AI-agent pitch draw wider coverage
Cointelegraph reported NEAR Intents volume above $32 billion against under $1 billion a year earlier, per Bitwise, and quoted Matt Hougan saying most current network activity is still human-driven.
- Official statement
Official statement from Bitcoin.com News
Bitwise Launches NEAR ETF With 5% Yield and an AI Bet
- Update
First-session inflows of roughly $35.99 million reported
The ambcrypto write-up carried by Crypto News put debut-day net inflows at about $35.99 million, with NEAR peaking at $5.57 before retreating into a $4.60–$5.57 range.
- Update
Second-day AUM passes $52.8 million and Hougan calls it a strong launch
U.Today reported $13.2 million of net inflows and $20.1 million of volume on day two, lifting assets above $52.8 million from about $36 million at debut.
How coverage built up
Independent sources over time, counted the way the consensus panel counts them: a republication of a wire story does not move the line.
- 27 Sept 2026, 09:23 UTC: Blockchain.News — 1 independent source, 1 reports
- 29 Sept 2026, 14:08 UTC: Bankless — 2 independent sources, 2 reports
- 29 Sept 2026, 14:46 UTC: CoinGape — 3 independent sources, 3 reports
- 29 Sept 2026, 14:51 UTC: Crypto.News — 4 independent sources, 4 reports
- 29 Sept 2026, 15:28 UTC: Unchained — 5 independent sources, 5 reports
- 29 Sept 2026, 16:08 UTC: U.Today — 6 independent sources, 6 reports
- 29 Sept 2026, 17:14 UTC: Cointelegraph — 7 independent sources, 7 reports
- 29 Sept 2026, 18:45 UTC: Bitcoin.com News, official — 8 independent sources, 8 reports
- 29 Sept 2026, 19:10 UTC: CryptoPotato — 9 independent sources, 9 reports
- 29 Sept 2026, 20:36 UTC: Decrypt — 10 independent sources, 10 reports
- 30 Sept 2026, 05:47 UTC: Bitcoin Insider — 11 independent sources, 11 reports
Affected entities
Also mentioned: Bitcoin, Ethereum, Hyperliquid, U.S. Securities and Exchange Commission, Coinbase, Grayscale, Base
Original sources
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