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Bitwise's Spot NEAR ETF (NRR) Pulls In $35.5M Net on Debut, Reaches $36M AUM

AI Market Summary
Bitwise's spot NEAR ETP (NRR) drew $35.5M net inflows and reached ~$36M AUM on day one, signaling meaningful institutional demand and improved access for U.S. investors. The plan to internally stake fund-held NEAR to capture ~5% rewards could tighten effective circulating supply while enhancing carry, potentially supporting near-term liquidity and sentiment around the NEAR ecosystem.
Impact level
● Medium
Affected assets
NEAR/USDT+12.11%
AI Insight · NEAR/USDTAI Insight
▲ Bullish
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Bitwise said on Sept. 30 that its U.S. spot NEAR exchange-traded product, the Bitwise NEAR ETF (NRR), ended its first trading day with $36 million in assets under management. The fund posted $35.5 million in net inflows and $15.1 million in trading volume. Bitwise has previously indicated it intends to stake the NEAR tokens held by the fund in-house to maximize exposure to NEAR's roughly 5% staking rewards.
Selected
NEAR
NEAR+11.23%
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