Bitwise Clears Hurdles for Spot NEAR ETF Launch
Bitwise Investment Advisers cleared two major regulatory hurdles for its proposed spot NEAR ETF on September 24, 2026. NYSE Arca approved the listing application and the SEC confirmed the effectiveness of the trust's registration statement via Form 8-A.
The approval sets up a potential launch around September 29 for the ETF, which will trade under the ticker NRR. The fund is designed to hold NEAR Protocol tokens directly and stake the full position to generate additional yield on top of any price appreciation.
Bitwise's NEAR vehicle intends to stake 100% of its holdings, generating staking rewards on top of price exposure. This is a meaningful structural distinction from a Bitcoin or Ether ETF that simply holds the underlying asset in cold storage.