Bitwise's spot NEAR ETF has been approved for listing on the Arca exchange operated by the New York Stock Exchange.
PANews reported on September 27 that NYSE Arca has approved the listing of a Bitwise NEAR Protocol spot ETF under the ticker NRR, making it the first US spot ETF for NEAR Protocol. The approval shifts NEAR exposure from the Grayscale NEAR Trust into an exchange-listed product with a named custodian and staking arrangement.
First listed route for NEAR exposure
The report identifies the product as the first US spot ETF for NEAR Protocol. Before this approval, investors mainly used the Grayscale NEAR Trust to access the asset. The contrast gives readers a simple way to judge the news: the new listing is not merely another wrapper, but a new on-exchange option for the same token.
Fee, custody and staking terms
The ETF will carry a 0.75% fee. Coinbase Custody will custody the underlying NEAR and stake it. Those terms matter because they define how the product may operate after listing, even though the trading date has not been announced.
What comes next
No listing date was disclosed. After the news broke, NEAR briefly rose to around $5. The next items to watch are the actual trading debut and whether investors move toward the listed ETF from the earlier Grayscale route.
Risk Warning
This article is only for informational purposes and summarizes publicly reported news; it does not constitute investment, legal, or tax advice. Crypto assets, including NEAR Protocol, are highly volatile and may experience rapid price swings, liquidity risks, and regulatory changes. Listing or approval of an ETF does not guarantee performance or suitability. Please conduct independent research, assess your risk tolerance, and make rational decisions; never invest more than you can afford to lose.
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