Bitwise Unveils First US Spot NEAR ETF Amid Agentic Economy Boom

Bitwise Asset Management has launched the Bitwise NEAR ETF (NYSE:NRR), the first spot NEAR ETF in the US. This new fund gives investors exposure to NEAR Protocol, which is pushing into the emerging 'agentic economy'. The firm highlighted NEAR Intents, which has processed over $32 billion in volume, up from less than $1 billion a year ago.

Near transactions settle in about 1.2 seconds and cost a fraction of a cent. The network's inflation rate was recently cut to 2.5% annually. Bitwise also pointed out NEAR's roughly $6 billion market cap, fully unlocked token supply, and fee mechanism that now funds buybacks.

The launch comes as crypto ETF issuers expand beyond Bitcoin and Ethereum into individual digital assets and more specialized blockchain themes. The investment case for NRR centers on NEAR's role as a transaction layer for AI agents and its cross-chain infrastructure.