Overview
- Bitwise’s NEAR ETF began public trading on NYSE Arca on Tuesday, September 29, 2026, under the ticker NRR.
- Regulatory clearance came on September 24, 2026, when NYSE Arca approved the listing and the SEC made Bitwise’s registration effective via Form 8‑A.
- NRR charges a 0.75% annual sponsor fee and plans to stake substantially all of its NEAR holdings, with 33% of staking rewards allocated to staking expenses and roughly 67% retained for the trust and shareholders.
- Coinbase Custody is the safekeeper of the on‑chain NEAR tokens and BNY Mellon manages cash operations and administration, and new ETF creations can trigger purchases of underlying NEAR that may add to market demand.
- The product expands Bitwise’s single‑asset lineup and tests a regulated model that combines token custody, automated staking yield and brokerage distribution while building on Bitwise’s European NEAR staking ETP experience.