Bitwise NEAR ETF Debuts at a Premium in a Crowded US Field

The Bitwise NEAR ETF began trading on NYSE Arca on 29 September 2026 under the ticker NRR, becoming the first US spot exchange-traded fund tracking NEAR and the newest single-token crypto product to reach American brokerage accounts. For investors, the more useful detail sits beneath the launch: the fund charges 0.75% a year, close to four times the 0.20% on Bitwise's own flagship Bitcoin fund, and it arrives in a market where single-asset crypto funds have multiplied since the US securities regulator streamlined its listing rules a year ago.

That combination, a premium fee on a niche token in a field that is rapidly commoditising, is the question finance professionals should weigh rather than the fund's marketing frame of exposure to an "AI economy."

What has Bitwise actually launched?

NRR is a spot exchange-traded product that holds NEAR, the native token of a Layer 1 blockchain, and values its holdings against the CME CF NEAR Protocol-Dollar reference rate. It carries a unitary sponsor fee of 0.75% and, as a secondary objective, seeks to earn additional NEAR through staking, the process of committing tokens to help validate transactions in return for network rewards. Bitwise states that staking rewards accrue to shareholders as an increase in net asset value per share rather than as a distribution.