NEAR ETF Draws $35.5M as Proposal Targets Lower Inflation

NEAR Crypto News: Bitwise reported $35.5 million in first-day net inflows for its NEAR ETF, NRR, a strong opening that gives U.S. investors access to the token but does not establish lasting demand. Separately, a NEAR governance proposal would lower maximum annual issuance from 2.5% to 1.6%; it has not been approved or implemented. NEAR Intents activity offers another adoption signal, not evidence that ETF flows caused network growth.

Bitwise said NRR began trading on NYSE Arca on September 29, 2026, as the first U.S. spot NEAR exchange-traded product. The issuer reported $36 million in assets under management and $15.1 million in trading volume on its first day. Those figures describe the debut, not what demand will look like after launch-day attention fades.

How NRR Gives Investors NEAR Crypto Exposure

NRR is designed to provide spot exposure by holding NEAR directly, rather than tracking a futures contract. Its net asset value is calculated against the CME CF NEAR Protocol–Dollar Reference Rate, New York Variant, according to the fund's materials. The benchmark gives the trust a reference price; it does not prevent the fund's market price from trading at a premium or discount to the value of its holdings.