Bitwise brings NEAR to Wall Street – But the chart isn’t impressed
- Published
- Updated
Bitwise launched the first U.S. spot NEAR ETF on NYSE Arca under the ticker NRR, with a 0.75% management fee and a plan to stake the fund’s NEAR holdings. The first trading days brought $13.2 million in net inflows on Sept. 30 and pushed assets under management to $52.8 million by Day 2, alongside $20.1 million in trading volume. Separate coverage also noted NEAR’s recent ETF debut alongside record TVL growth and a large daily spot outflow in the token.
Key claims & sources
What it means
Before this launch, there was no U.S. spot NEAR ETF trading on NYSE Arca, and now there is one with ticker NRR, a 0.75% management fee, and a stated plan to stake its NEAR holdings. What stays the same is that the fund still holds NEAR and trades on the exchange; what changes is the existence of a listed ETF wrapper around it.
Market reaction i
NEAR Protocol fell 0.7% in the 4 hours after the first headline, after falling 0.4% in the 2 hours before.
49 prices, one every 30 minutes
Coverage timeline
Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.
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Has this happened before?
| When | What happened | Figure |
|---|---|---|
| 45 days ago | NEAR price rally meets Bitwise ETF listing, is $5 next? event | 1 actors in common · 2 news media |