Bitwise launches first US spot NEAR ETF after token’s recent surge
Bitwise launched the first US spot ETF tied to NEAR, trading on NYSE Arca under ticker NRR. The fund charges a 0.75% fee, holds NEAR directly, and Bitwise plans to stake a substantial portion of its tokens. The launch follows a surge in NEAR Intents activity, with volume rising above $32 billion from under $1 billion a year ago. Bitwise says it sees AI agents as an important future use case for NEAR, though most current activity is still human-driven. The ETF expands Bitwise’s US single-asset crypto lineup, alongside products tracking Bitcoin, Ether, Solana, XRP and Hyperliquid. NEAR has also rallied sharply, gaining about 167% in the past month and around 81% over the past year. NEAR’s focus on AI and cross-chain infrastructure aligns with broader industry interest in machine-to-machine payments and programmable assets.
