Bitwise Lists the First US Spot NEAR ETP

A ticker for NEAR began trading in the United States in late September. The Bitwise NEAR ETF NRR launch September 29 2026 is the start of trading in the Bitwise NEAR ETF on NYSE Arca under the symbol NRR. Bitwise's release and The Block both treat it as the first US spot NEAR ETP.

What happened

Trading began on 29 September 2026. An exchange-traded product is a fund that lists on an exchange so shares can trade through a brokerage during the trading day. Spot, here, means the product is built to hold the asset itself. NEAR is that asset.

ETP is the broader label Bitwise and The Block use, and ETF is the label in the product's name. NYSE Arca is the venue. NRR is the ticker.

Bitwise's release is here. The Block's report is here.

The management fee is 0.75 percent. A management fee is the annual charge stated for running the product. It is reported here as the fee Bitwise set, not as a comparison with any other fund, and not as a view on whether to own the shares. These accounts do not turn that percentage into a dollar cost for a particular holding.

Bitwise intends to stake the fund's NEAR in-house, with rewards accruing to net asset value. Staking means putting the token to work in the network so it can earn protocol rewards. In-house means Bitwise intends to do that staking itself, rather than hand the tokens to an outside firm. Accruing to net asset value means the rewards would feed the value of the fund.

NAV is the fund's net asset value. An intention is not a report that rewards have already been earned. The release says Bitwise intends to stake.

It does not, in the facts used here, say a reward has already accrued. No realized rate is stated.

The fund sits alongside BITB, ETHW, BSOL, the Bitwise XRP ETF, and BHYP. Those are other Bitwise products named with NRR. The list is a lineup, not a performance table.

It does not say NRR will behave like any of them. This account does not add a description of each ticker beyond the names given.

Why it matters

"First US spot NEAR ETP" is a category claim, and both the sponsor and The Block make it. First, in that claim, means these accounts do not point to an earlier US spot product for NEAR. Spot is the word that limits the claim. These facts do not inventory futures products or listings outside the United States, and they do not need to in order to report the sentence Bitwise and The Block wrote.

The fee and the staking plan are the design facts under the ticker. A 0.75 percent management fee is a cost inside the product. Rewards accruing to NAV would add to the value of the shares only if the staking Bitwise intends actually earns rewards and those rewards are applied as described.

The release states an intention and a destination for rewards. It does not state a yield.

In-house staking is a control choice. The sponsor is who intends to do the work. Readers looking for the name of an outside staking company will not find one, because none is given.

That absence is part of the design as described. It should not be filled with a guessed provider.

Listing on NYSE Arca under NRR puts NEAR exposure in a brokerage-traded share, which is a different wrapper from holding the token in a wallet. The ETP wrapper brings the management fee, the NAV, the sponsor's staking intention, and the venue's trading day. The token itself is not replaced by the listing. The launch adds a listed product beside it.

The lineup is context, and it should stay context. Sitting alongside BITB, ETHW, BSOL, the Bitwise XRP ETF, and BHYP says NRR is being presented as one more product in an existing set. It is not a recommendation. This is a description of a listing.

Related: NEAR Intents exploit and Bitcoin ETF outflows.

What's next

The accounts used here do not give a first-day trading total, a share count, or a premium or discount to NAV. Those figures are not supplied below, because they were not given. What follows a listing is secondary trading, plus the staking operation Bitwise said it intends to run. Whether rewards have started to accrue is a later fact than the launch-day intention.

The fee remains 0.75 percent unless a later document changes it. No such change is in the release or in The Block's report as used here. The category line remains the one those sources use: the first US spot NEAR ETP.

A later listing by someone else would be a second product. It would not rewrite who launched on 29 September 2026.

Both sources support the date, the venue, the ticker, the first-in-category line, the fee, the in-house staking plan, and the accrual of rewards to NAV. They also support the list of neighboring products. What launched is a spot NEAR product, named as an ETF, listed as NRR. What did not launch in these pages is a promised yield.