Bitwise NEAR ETF Reaches $52.8 Million in Assets Under Management

The Bitwise NEAR ETF (NRR) reached $52.8 million in assets under management after recording a $13.2 million net inflow on Sept. 30, giving U.S. investors a listed fund with spot exposure to NEAR Protocol.

Trading volume totaled $20.1 million that day. The fund began trading on NYSE Arca on Sept. 29 under the ticker NRR and charges a 0.75% management fee.

The ETF is the first U.S. spot NEAR exchange-traded product. Bitwise intends to stake the fund’s NEAR holdings, targeting participation in average staking rewards of about 5%.

The fund’s Sept. 29 start of trading on NYSE Arca gave U.S. investors a listed vehicle with spot exposure to NEAR.