Bitwise Brings First Spot NEAR ETF to US Markets

Bitwise has launched the first spot NEAR ETF on the NYSE Arca. The new fund, trading under the ticker NRR, gives investors exposure to the agentic economy and staking rewards of the NEAR protocol.

NEAR crypto price pulled back by about 10% from its opening to closing price during the trading session on Monday, but bounced back after the news broke. The largest daily spot outflow in recent history was recorded at $28.9 million, largely driven by profit-taking.

The NEAR protocol has seen significant growth in network performance, with TVL jumping from $170 million in August to $371 million and generating over $6.75 million worth of fees in September.