Bitwise launched a spot NEAR ETF, the first in the US. It trades on NYSE Arca under the ticker NRR with a 0.75% management fee.
Bitwise will stake the fund's NEAR in-house, aiming for NEAR's ~5% average staking rewards. It already runs a NEAR staking ETP in Europe. "NEAR sits at the intersection of two of the biggest trends in technology: AI and crypto," said Bitwise CIO Matt Hougan.
Bitwise pitches NEAR as settlement rails for AI agents: its NEAR Intents protocol has processed over $32B in volume, up from under $1B a year ago.
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