According to The Block, financial services firm Bitwise has officially launched the NRR, marking a significant milestone as the inaugural U.S. spot exchange-traded product (ETP) dedicated to the NEAR Protocol.
The new investment vehicle operates with an annual management fee set at 0.75 percent. A defining characteristic of this launch is its integrated staking strategy; Bitwise retains custody and stakes all allocated NEAR tokens directly within its internal operations rather than delegating externally. Consequently, the economic benefits generated through network participation are not retained by the provider but instead flow transparently to investors.
This mechanism ensures that any rewards earned from staked assets are automatically distributed back into the fund’s Net Asset Value (NAV). As a result, shareholders experience direct compounding of their holdings without requiring manual intervention. The NAV adjustment reflects these inflows in real-time, offering holders passive income derived solely from protocol security contributions.
This approach distinguishes NRR within the competitive landscape of digital asset ETPs by prioritizing capital efficiency and investor alignment. By avoiding third-party delegation risks and capturing native yields immediately upon issuance, Bitwise demonstrates a commitment to maximizing returns for its clientele while maintaining strict regulatory compliance as an authorized U.S. financial product.
