Bitwise Unveils First US Spot NEAR ETF with Staking Rewards

Bitwise Asset Management has launched the first US spot exchange-traded product tracking NEAR (NRR), expanding its lineup of single-asset crypto funds. The Bitwise NEAR ETF began trading on NYSE Arca on Tuesday under the ticker NRR.

The fund carries a 0.75% annual management fee and holds NEAR directly, with Bitwise planning to stake the fund's tokens to generate additional NEAR for shareholders through its net asset value (NAV).

Bitwise pitched NEAR as infrastructure for a future in which AI agents increasingly make payments, trade assets, and carry out financial transactions on behalf of users. The company said that autonomous agents will need fast settlement infrastructure that does not rely on a single custodian.

The fund's SEC filing says it expects to stake substantially all of its NEAR holdings, with 33% of the additional tokens generated through staking allocated to staking-related expenses. Bitwise estimates average NEAR staking rewards at roughly 5%, although investors will not receive that full headline rate.