Bitwise Launches First US Spot NEAR ETF for Agentic Economy Play
Bitwise has launched the Bitwise NEAR ETF (NYSE:NRR) in the US, offering investors exposure to NEAR Protocol and its growing 'agentic economy'. The firm claims this is the first spot NEAR ETP in the country.
NRR targets NEAR's roughly 5% staking rewards through in-house staking, which Bitwise says sets it apart from other ETFs. This means investors will receive the associated rewards without having to hold and stake the tokens themselves.
Bitwise highlights several key metrics for NEAR Protocol, including over $32 billion processed by NEAR Intents, a network that settles transactions in around 1.2 seconds at a fraction of a cent. The annual inflation rate has been cut to 2.5% and the market cap sits at roughly $6 billion.
According to Bitwise, the investment case centers on NEAR's role as a transaction layer for AI agents and its cross-chain infrastructure. The firm is positioning this as an opportunity for investors seeking exposure to the intersection of AI and crypto.