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      Bitwise NEAR ETF Accumulates $79.2 Million in Tokens Within Two Weeks of Launch

      The Bitwise NEAR ETF, which debuted on September 29, 2026, has quickly amassed a significant amount of assets, holding 15,775,804.74 NEAR tokens valued at approximately $79.2 million as of October 12, 2026. This exchange-traded fund, listed under the ticker NRR on NYSE Arca, is the first U.S. spot product that provides investors direct exposure to NEAR tokens.

      On its first trading day, the fund attracted $35.5 million in inflows, and by the end of its first week, cumulative inflows reached $52.8 million. The fund currently has 3,020,000 shares outstanding, each backed directly by NEAR tokens rather than through futures contracts or synthetic instruments. The NEAR ETF charges a 0.75% annual management fee, with Coinbase Custody responsible for holding the tokens.

      Bitwise plans to stake a significant portion of the NEAR tokens to generate additional rewards, with projected staking rates around 5% annually. This strategy could yield returns that exceed the management fee, making the fund more attractive to investors. The launch of the NEAR ETF coincides with the protocol's strategic focus on becoming a key infrastructure for AI applications and enhancing cross-chain functionality, as well as a recent halving of its inflation rate to 2.5%.

      The introduction of the NEAR ETF expands the range of regulated digital asset products available to U.S. investors, following similar offerings for Bitcoin, Ethereum, and Solana. This development provides a more accessible option for those seeking exposure to NEAR without the complexities of managing digital wallets or private keys.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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