Bitwise launches first US spot NEAR ETF after token’s recent surge

Bitwise has launched the first US spot NEAR exchangetraded fund, giving investors direct exposure to the token through a product now trading on NYSE Arca under the ticker NRR. The fund has a 0.75% management fee and will hold NEAR directly. Bitwise also said it plans to stake a significant share of the fund’s tokens. The launch follows a sharp rise in NEARrelated activity, especially on NEAR Intents, the network’s crosschain transaction protocol. Bitwise said volume on the protocol has climbed to more than $32 billion from less than $1 billion a year ago. The company also pointed to growing interest in AI agents as a potential use case for the network. NEAR’s market price has risen about 167% over the past month and about 81% over the past year, according to CoinGecko data. Bitwise said it had been working on the US product since launching a European NEAR exchangetraded product in 2025.