@Bitwise Investment Advisers cleared two major regulatory hurdles for its proposed spot $NEAR ETF on September 24, 2026, when NYSE Arca approved the listing application and the SEC confirmed
@Bitwise Investment Advisers cleared two major regulatory hurdles for its proposed spot $NEAR ETF on September 24, 2026, when NYSE Arca approved the listing application and the SEC confirmed the effectiveness of the trust's registration statement via Form 8-A, setting up a launch around September 29. The fund, trading under the ticker $NRR, is now live on @NYSE Arca and marks the first U.S.-regulated exchange-traded product offering direct exposure to spot @NEARprotocol tokens.
The ETF is designed to hold $NEAR tokens directly and stake the full position to generate additional yield on top of any price appreciation. @Bitwise intends to stake 100% of its holdings, meaning the fund generates staking rewards on top of price exposure. According to the original copy, the structure passes the network's approximately 5% staking rewards directly to stockholders via built-in staking algorithms. That is a meaningful structural distinction from a Bitcoin or Ether ETF that simply holds the underlying asset in cold storage.
The trust is sponsored and managed by Bitwise Investment Advisers, LLC, and carries a unitary management fee of 0.75% per annum of the trust's $NEAR holdings.Coinbase Custody handles the $NEAR tokens themselves, while BNY Mellon steps in for cash custody and administrative services.The trust was originally organized as a Delaware statutory trust in April 2025, meaning @Bitwise spent roughly 17 months navigating the regulatory path from formation to listing approval.
The ETF launch comes at a notable moment for the @NEARprotocol ecosystem. The original copy cites more than $32 billion in cumulative volume processed through the NEAR Intents cross-chain settlement layer. That figure is broadly supported by recent data: as of September 18, 2026, NEAR Intents had processed $1.04 billion in weekly volume with a single-day peak near $300 million, bringing cumulative volume to $29.5 billion across a solver network spanning more than 31 blockchains.The protocol's trajectory aligns with NEAR's 2026 roadmap, which is focused on chain abstraction, AI-native infrastructure, and unified liquidity.
Rather than setting up a crypto exchange account or managing private keys, investors can now gain exposure to $NEAR through a traditional brokerage account, the same way they might buy shares of any other exchange-traded fund.$NEAR's token price surged roughly 20% within 24 hours of the approval news becoming public, extending that move to approximately 26% over the following week.
Sources:NYSE Arca Listing Certification for Bitwise NEAR ETF, SEC FilingBitwise's NEAR ETF clears NYSE Arca and SEC hurdles, Crypto BriefingBitwise NEAR ETF Prospectus (Form 424B3), SEC EDGAR
