Bitwise launches NEAR ETF with staking and 0.75% fee
Bitwise's NEAR ETF began trading on NYSE Arca on 29 September under NRR. It holds NEAR, charges 0.75% annually and plans to stake tokens in-house.
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Bitwise launched its NEAR ETF on NYSE Arca on 29 September 2026 under the ticker NRR. The fund gives investors exchange-traded exposure to the NEAR token and charges a 0.75% annual management fee, according to Bitwise’s launch announcement.
The fund holds NEAR and plans to stake tokens through Bitwise’s institutional team. Investors buy and sell shares through a broker, while the trust handles the token holdings and staking arrangements.
NRR puts NEAR holdings behind a listed share
NRR is a trust whose primary objective is to reflect the value of its NEAR holdings after expenses and liabilities. Its 16 September registration statement names Coinbase Custody as the token custodian and Bitwise Investment Advisers as the sponsor.
| Fund detail | NRR |
|---|---|
| Exchange | NYSE Arca |
| Trading began | 29 September 2026 |
| Asset held | NEAR |
| Annual management fee | 0.75% |
| Staking | Intended through Bitwise’s institutional team |
NYSE Arca’s certification, dated 28 September, confirms the exchange’s approval for listing and registration of the trust’s common shares.
Staking rewards go into the fund
Bitwise intends to stake NRR’s NEAR to earn additional tokens for the trust. Its launch material quoted an annualised network reward rate of about 5% as of 25 September, a variable network measure. The fund’s actual result depends on token prices, realised rewards, expenses and its operations.
Rewards accrue to the trust and can increase its net asset value per share. Staking also introduces operational and liquidity risks, because delegated tokens must complete an unstaking process before they can move freely.
The prospectus describes dependence on the custodian and staking agents, including the risk that operational failures reduce rewards or disrupt access. Investors also bear NEAR price volatility and the possibility of substantial losses.
The benchmark supplies a daily reference price
NRR uses the CME CF NEAR Protocol-Dollar Reference Rate, New York variant, to establish the value of its holdings. CF Benchmarks describes this as a once-daily index built from executed trades across multiple major NEAR-dollar markets.
That process gives the trust a common valuation reference. A share’s trading price also responds to buyers and sellers on the exchange, so it can trade above or below net asset value.
The registration statement describes creations and redemptions in baskets handled by authorised financial firms, while ordinary investors trade shares through their brokers. The launch adds a US exchange listing through which investors can hold NEAR exposure alongside other securities in a brokerage account.
