Bitwise NEAR ETF Surpasses $79M in 2 Weeks, Aiming for Higher Inflows

The Fund

Two weeks into its life, the Bitwise NEAR ETF already holds a sizable stash of tokens. As of October 12, 2026, the fund held 15,775,804.74 NEAR, worth approximately $79.2 million.

The Numbers Behind the First Two Weeks

Bitwise launched the fund on September 29, 2026, under the ticker NRR on NYSE Arca. It is the first US spot exchange-traded product to give investors direct exposure to NEAR tokens.

Day One Set the Tone

The fund pulled in $35.5 million of inflows on its first trading day. By the end of the first week, cumulative inflows had reached $52.8 million. As NEAR's price rallied, later reports placed total inflows somewhere in the $50-$70 million range.

Staking, Fees, and Who Holds the Keys

The NEAR ETF carries a 0.75% annual management fee. Coinbase Custody holds the tokens on the fund's behalf.

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Why NEAR, and Why Now

The fund joins Bitwise's lineup of single-asset exchange-traded products, which already includes Bitcoin, Ethereum, and Solana. The timing lines up with a few shifts in NEAR's own story. The protocol has leaned hard into positioning itself as infrastructure for AI applications and as a hub for cross-chain functionality.

What This Means for NEAR and the ETF Market

Investors who wanted NEAR exposure but did not want to manage wallets, private keys, or exchange accounts now have a ticker they can buy through a regular brokerage. Inflows of $35.5 million on launch day and $52.8 million through week one point to genuine demand. With 15,775,804.74 NEAR already locked inside the fund, more inflows would mean more tokens absorbed from the open market.

US Spot Crypto Products Have Expanded

US spot crypto products have expanded from Bitcoin to Ethereum to Solana, and now to NEAR, steadily widening the menu of regulated digital asset exposure.