๐๐ BITWISE NEAR ETF MOVES CLOSER TO U.S. LAUNCH
๐ฅ Bitwiseโs NEAR ETF has cleared key milestones toward trading on NYSE Arca under the ticker NRR.
๐ Key details:
โ๏ธ The SEC confirmed the ETFโs registration statement became effective on September 24, 2026.
โ๏ธ NYSE Arca approved the listing application for the ETFโs shares.
โ๏ธ The fund is designed to hold NEAR directly, giving U.S. investors exposure through traditional brokerage accounts.
โ๏ธ Bitwise set the management fee at 0.75% annually.
โ๏ธ The fund also plans to stake its NEAR holdings. According to the filing, 33% of staking rewards will be used to cover staking-related costs, with the remaining portion retained by the Trust.
โ๏ธ Coinbase Custody will provide custody for the fundโs NEAR holdings.
โ๏ธ Bitwise expects to use an initial $500,000 seed investment to purchase NEAR before or at the time of listing.
๐ด Important:
Although the key regulatory and listing steps have been completed, the filing does not yet confirm the first trading date for NRR.
๐ฅ If launched, the product would provide U.S. investors with another regulated market route to gain exposure to NEAR Protocol.
๐ฅ Bitwiseโs NEAR ETF has cleared key milestones toward trading on NYSE Arca under the ticker NRR.
๐ Key details:
โ๏ธ The SEC confirmed the ETFโs registration statement became effective on September 24, 2026.
โ๏ธ NYSE Arca approved the listing application for the ETFโs shares.
โ๏ธ The fund is designed to hold NEAR directly, giving U.S. investors exposure through traditional brokerage accounts.
โ๏ธ Bitwise set the management fee at 0.75% annually.
โ๏ธ The fund also plans to stake its NEAR holdings. According to the filing, 33% of staking rewards will be used to cover staking-related costs, with the remaining portion retained by the Trust.
โ๏ธ Coinbase Custody will provide custody for the fundโs NEAR holdings.
โ๏ธ Bitwise expects to use an initial $500,000 seed investment to purchase NEAR before or at the time of listing.
๐ด Important:
Although the key regulatory and listing steps have been completed, the filing does not yet confirm the first trading date for NRR.
๐ฅ If launched, the product would provide U.S. investors with another regulated market route to gain exposure to NEAR Protocol.
