Bitwise Asset Management's spot NEAR ETF under ticker NRR started trading on NYSE Arca on September 29, 2026. The fund holds NEAR directly, stakes 100% of its holdings in-house, and passes staking rewards to shareholders through the NAV. It carries a 0.75% management fee and frames NEAR as core infrastructure for AI agents.
What it moves
Bull vs bear
Bulls see the first US-listed spot NEAR vehicle with native staking as a major on-ramp for institutional capital and a structural tailwind for on-chain demand. Bears argue the 0.75% fee is expensive relative to established crypto ETFs, potential regulatory friction around staking-as-a-service could invite scrutiny, and early flows may remain modest until broader adoption of AI-agent narratives materializes.