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Bitwise launches first US NEAR fund with staking yield

Bitwise rolled out NRR, the first spot NEAR exchange-traded product in the US to pass staking yield straight to investors.

Mia Chen

· 1 min read

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Bitwise launches first US NEAR fund with staking yield
Image via The Block

Key takeaways

  • Bitwise launched NRR, the first U.S. spot NEAR exchange-traded product.
  • The fund charges a 0.75% management fee and handles staking in-house.
  • Staking rewards accrue directly into the fund's Net Asset Value.

Bitwise just launched NRR. It's the first spot NEAR exchange-traded product in the U.S. to hit the market with built-in staking yield.

The product charges a 0.75% management fee. Instead of outsourcing validator duties to third parties, Bitwise handles its staking operations in-house. That means rewards generated by the underlying NEAR tokens flow directly into the fund's Net Asset Value (NAV)—lifting its actual value per share over time.

Why it matters

Earning native altcoin yield usually means dealing with self-custody, researching validators, and locking up capital. Bitwise's NRR bypasses those hurdles for traditional investors. You get exposure to NEAR's price moves alongside its native staking yield through a standard brokerage account. No technical setup required.

Source: The Block

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#Staking #Etf #Bitwise #Near

Mia Chen

Mia digs into DeFi and on-chain data, translating protocol mechanics into plain English for everyday readers.

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