Bitwise Launches First US-Listed NEAR ETF Amid Agentic Economy Boom

Bitwise Asset Management has launched the Bitwise NEAR ETF (NRR) on the NYSE Arca trading floor, marking the first spot ETP on NEAR in the United States. The fund offers exposure to NEAR Intents, a protocol that processed over $32 billion in volume.

The fund targets staking rewards of around 5% per year and aims to generate returns through internal staking. Bitwise plans to stake the fund's tokens internally to achieve this goal.

NEAR is positioned as settlement infrastructure for AI agents, with global agentic commerce projected to reach $5 trillion by 2030. The protocol has a market capitalization exceeding $6 billion and operates with 100% uptime for six years, finalizing transactions in approximately 1.2 seconds at per-transaction costs below one cent.

Illia Polosukhin, co-founder of NEAR Protocol, described the project as 'the vertically integrated stack for the future of AI plus blockchain,' where artificial intelligence operates as the interface and blockchain as the support layer.