Bitwise Unveils First Spot NEAR ETF on NYSE Arca

Bitwise has launched the first spot NEAR ETF on the NYSE Arca, marking a significant milestone for the Near Protocol.

The new ETF, trading under the ticker NRR, gives investors exposure to the agentic economy and staking rewards in the NEAR protocol.

Near price experienced a 10% pullback after hitting an all-time high of $5.57 on Sunday, but bounced back following the news of the ETF launch.

The NEAR protocol's TVL grew from $170 million in August to $371 million in September, with record-high fees generated and the second-highest monthly revenue collection in September.