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The first US spot ETF for NEAR Protocol started trading this week. Here is how it actually works.
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Bitwise listed the NEAR ETF, ticker NRR, on NYSE Arca on September 29, 2026.
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NRR charges a 0.75 percent management fee and stakes 100 percent of its NEAR holdings.
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About a third of staking rewards covers costs. Shareholders get the rest through a rising NAV.
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NEAR had already jumped roughly 167 percent in the 30 days before launch, largely on ETF anticipation.
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NRR pulled in about 35.5 million dollars in net inflows on its first day of trading.
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Coinbase Custody holds the NEAR tokens. BNY Mellon handles cash and administration.
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Staking rewards are not guaranteed and the tax treatment for shareholders is still unsettled.