Bitwise Launches First US Spot Near ETF After Token Nearly Triples Since August

What happened

Bitwise's NRR began trading on NYSE Arca Tuesday, giving brokerage accounts NEAR exposure and staking rewards as the AI-focused token soars.

Confirmed

Global impact / market context

This lets everyday brokerage accounts hold NEAR, an AI-focused crypto token, plus earn staking rewards, which means investors get both price exposure and extra token income without opening a separate crypto exchange account.

Analyst inference

NEAR nearly tripled since August, and this first US spot NEAR ETF arrives after that rally, showing strong demand for AI-linked crypto access through familiar brokerage channels rather than crypto-native platforms.

Analyst inference

What to watch

1. NRR trades on NYSE Arca, so watch whether trading volume and assets under management grow steadily after Tuesday's launch in US brokerage accounts. Confirmed
2. Watch whether NEAR's price holds up after nearly tripling since August, because a sharp reversal could reduce investor interest in the new ETF. Analyst inference
3. Watch whether Bitwise or other issuers propose similar spot ETFs for other AI-focused tokens, which would signal broader adoption of crypto ETFs beyond Bitcoin and Ethereum. Proposed

Affected assets

• NEAR — NEAR Protocol

Evidence

• decrypt.co