Bitwise Launches First US Spot NEAR ETF with 0.75% Fee

Bitwise Asset Management has launched the first US spot NEAR Protocol ETF on NYSE Arca, trading under the ticker NRR. The fund holds NEAR directly through Coinbase Custody and intends to stake a significant portion of its holdings.

The 0.75% annual management fee for NRR is higher than Bitwise's other US single-asset funds, including the Hyperliquid ETF (BHYP) and Avalanche ETF (BAVA), which charge a 0.34% management fee.

Bitwise CIO Matt Hougan described NEAR as sitting at the intersection of AI and crypto, with its cross-chain transaction protocol, NEAR Intents, processing over $32 billion in volume, up from under $1 billion a year earlier.