Bitwise Launches First U.S. Spot NEAR ETF on NYSE Arca
Bitwise Asset Management debuts the NRR fund, giving U.S. investors direct exposure to the NEAR Protocol token for the first time.
Bitwise Asset Management has launched the Bitwise NEAR ETF, ticker NRR, marking the first spot exchange-traded product tied to the NEAR Protocol token available to U.S. investors. The San Francisco-based firm, which manages approximately $9 billion in client assets as of mid-2026, listed the fund on a major U.S. exchange, expanding its lineup of single-asset crypto ETFs.
NEAR Protocol has positioned itself at the intersection of blockchain infrastructure and artificial intelligence, with the network designed to support so-called agentic commerce — autonomous AI-driven economic transactions. Global agentic commerce is projected to reach $5 trillion by 2030, according to figures cited by Bitwise, a market opportunity the firm argues underpins the long-term investment case for NEAR.
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The launch arrives as U.S. regulators have grown more receptive to spot crypto ETPs following the approval of spot Bitcoin and Ether funds in prior years. Bitwise's move into NEAR signals growing institutional appetite for exposure beyond the two dominant cryptocurrencies, with asset managers racing to capture investor demand across a broader range of blockchain assets.
For retail and institutional investors alike, a spot ETF structure removes the need to custody tokens directly, lowering the operational barrier to gaining exposure to NEAR's price performance. The fund's fees and exact custody arrangements were not detailed in the announcement summary available at publication time.
Continue reading at Cryptocurrency for the full product details and prospectus information.
