The Bitwise NEAR ETF is a spot exchange-traded product from Bitwise Investment Advisers that holds NEAR, the native token of the Near Protocol. It began trading on NYSE Arca under the ticker NRR on September 29, 2026, and Bitwise calls it the first spot NEAR fund in the U.S. The trust is a Delaware statutory trust. It values its holdings using the CME CF NEAR Protocol-Dollar Reference Rate. The trust plans to stake essentially all of its NEAR through staking agents picked by the sponsor, which may include its affiliate Attestant. Staking rewards are added to the fund’s net asset value instead of being paid out as distributions.

Near Protocol is a layer-1 proof-of-stake blockchain for running smart contracts and decentralized apps. Development started in 2017 and the mainnet launched in 2020 with a starting supply of 1 billion NEAR. The network adds about 2.5% new supply each year and burns 70% of transaction fees. NEAR had a market capitalization of about $3.1 billion as of mid-June 2026, which made it one of the 30 largest digital assets.