Spot NEAR ETF on NYSE Arca
Bitwise listed the spot NEAR ETF (NRR) on NYSE Arca. See the 0.75% management fee, the 33% staking reward cut, how staking works, and the risks.
Updated June 2026 · Educational only, not financial advice
A spot NEAR ETF holds NEAR tokens through a custodian and plans to stake them, passing net staking rewards into share net asset value after deducting fees.
This fund structure allows you to hold NEAR price exposure and capture staking rewards inside a standard brokerage account without managing external crypto wallets.
Category
Spot ETF
Difficulty
Intermediate
What you need
A brokerage account that lists NRR (Vanguard does not carry spot cryptocurrency funds)
Cost or time
0.75% sponsor management fee · 33% fee cut taken from earned staking rewards
About this topic
A spot NEAR exchange-traded fund holds NEAR tokens through a custodian and trades on a public securities exchange. On Tuesday, September 29, 2026, Bitwise listed what Bitwise described as the first spot NEAR exchange-traded product in the U.S. on NYSE Arca under the ticker NRR. The fund combines exposure to token spot prices with staking rewards, which accrue directly into the fund net asset value rather than distributing as cash payments.
The [crypto ETF list](/invest/etfs/crypto-etf-list) covers the other spot crypto funds. Bitwise also manages single-token funds in the United States for bitcoin, ether, SOL, XRP, and HYPE. It previously introduced a NEAR staking exchange-traded product in Europe approved by German regulator BaFin, as reported by [Unchained](https://unchainedcrypto.com/bitwise-debuts-staking-near-etf-on-nyse-arca-touting-the-token-as-a-bet-on-ai-agents/).
Earlier funds documented in our [Ethereum ETF guide](/invest/etfs/ethereum-etf) launched under regulatory terms that barred staking entirely. Much like the products covered in our [Solana ETF guide](/invest/etfs/solana-etf), NRR integrates validation rewards directly into its operational model. Bitwise's own marketing pitched NEAR as infrastructure for AI agents, citing NEAR Intents cross-chain transaction protocol volume of more than $32 billion, according to coverage from [CryptoNinjas](https://www.cryptoninjas.net/news/bitwise-launches-first-u-s-spot-near-etf-with-5-staking-rewards-and-32b-intents).
Holding NRR incurs a 0.75% management fee alongside a 33% deduction taken from all earned staking rewards. The trust is not registered under the Investment Company Act of 1940, and Bitwise's risk disclosures warn that staking exposes the fund to risks. Staking carries slashing and operational risks.
How it actually works
A spot NEAR ETF holds NEAR tokens and stakes them. Bitwise charges a 0.75% management fee. Staking returns run through a separate cost schedule: under the fund prospectus, 33% of all NEAR earned through staking goes toward fees split among the staking agents, the custodian, and Bitwise. About 67% of earned staking rewards stays inside the trust, as outlined in reporting by [Unchained](https://unchainedcrypto.com/bitwise-debuts-staking-near-etf-on-nyse-arca-touting-the-token-as-a-bet-on-ai-agents/).
Bitwise stated that its institutional staking team plans to stake the fund tokens in-house. Network rewards accumulate directly into the net asset value per share. Because rewards accrue through net asset value, shareholders are not sent tokens; the value of the underlying assets per share reflects them.
Network reward rates fluctuate and do not represent a guaranteed yield. Bitwise reported an annualized staking reward rate of 5.3% on September 25, 2026, calculated from on-chain network data. This is a variable network rate at one date, not a fund return and not a forecast.
Staking creates exposure to operational disruptions and slashing penalties. The fund carries single-asset concentration risk, meaning performance ties directly to the NEAR network. You can review whether [you can lose money staking crypto](/staking/can-you-lose-money-staking-crypto) to understand how protocol slashing mechanics function.
This structure offers a distinct alternative to direct self-custody. Holding NRR provides access through standard brokerage accounts without requiring private key management, hardware wallets, or direct interaction with staking interfaces. If you hold NEAR directly, you choose how and where to stake it yourself and avoid the fund's fee layers, but must manage keys or an exchange account. Details on tax obligations appear in our guide to [crypto staking taxes](/staking/crypto-staking-taxes).
Step by step
- 1Confirm your brokerage firm supports trading for spot cryptocurrency products, keeping in mind that Vanguard does not carry spot crypto ETFs, as covered in our [Vanguard crypto ETF guide](/invest/etfs/can-you-buy-crypto-etf-on-vanguard).
- 2Locate the ticker symbol NRR on your broker's trade interface to review the active bid, ask, and trading volume on NYSE Arca.
- 3Read the fund's prospectus and confirm the 0.75% management fee that Unchained reported from Bitwise's announcement.
- 4Examine the 33% staking fee cut taken from earned validation rewards by Bitwise, the custodian, and designated staking agents.
- 5Weigh the slashing risk and single-asset concentration yourself.
- 6Choose whether to place the investment in a taxable brokerage account or an individual retirement account, subject to specific broker permissions.
- 7Recheck fees periodically before making investment decisions.
What works in your favor
- You gain exposure to NEAR token price movements and on-chain staking rewards through standard brokerage accounts without configuring hardware wallets or securing private keys.
- Bitwise plans to stake the fund's tokens in-house, eliminating the complexity of choosing independent network validators.
- Net staking rewards accrue directly into the fund net asset value without requiring manual token claims.
- The product provides exchange trading on NYSE Arca within the [altcoin ETF category](/invest/etfs/altcoin-etf).
Watch out for
- The fund charges two distinct layers of expenses, consisting of a 0.75% management fee and a 33% deduction from all earned staking rewards.
- Staking rewards fluctuate continuously over time and are not guaranteed by Bitwise or the trust.
- The vehicle carries concentrated single-token exposure, meaning any decline in NEAR token value directly impacts the entire share price.
- Staking introduces protocol slashing and operational risks.
- NRR is not registered under the Investment Company Act of 1940.
Common questions
Is there a NEAR ETF?
Yes, Bitwise listed what Bitwise described as the first spot NEAR exchange-traded product in the U.S. on September 29, 2026. The fund trades on the NYSE Arca exchange under the ticker symbol NRR, holding NEAR tokens with a custodian and plans to stake them in-house, as reported by Unchained.
Does the NEAR ETF pay staking rewards?
Yes, but rewards do not pay out as cash distributions. The underlying NEAR tokens generate on-chain staking rewards, and after a 33% fee cut, about 67% of earned staking rewards stays inside the trust. Staking rewards fluctuate based on network activity and are not guaranteed.
How much does the NEAR ETF cost?
The fund charges a 0.75% management fee. In addition, the fund prospectus establishes that 33% of all staking rewards earned by the trust are deducted to compensate Bitwise, the custodian, and staking agents, leaving about 67% of rewards for the fund.
How does the NEAR ETF compare to buying NEAR directly?
Buying the ETF allows you to hold exposure inside regular brokerage accounts without managing non-custodial crypto wallets or seed phrases. Direct ownership avoids the fund's 0.75% management fee and 33% staking reward deduction, but you manage keys or an exchange account and choose how to stake yourself.
Can I buy the NEAR ETF on Vanguard?
No, Vanguard does not carry spot crypto ETFs. To trade NRR, use a brokerage account that permits spot crypto access.
Is the NEAR ETF a safe investment?
NRR is a single-asset product, so its value is tied entirely to one cryptocurrency. The fund is not registered under the Investment Company Act of 1940, and Bitwise's risk disclosures warn that staking exposes the fund to risks. Staking carries slashing and operational risks.
Sources
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