Bitwise’s NEAR ETF holds 15.7 million NEAR two weeks after launch

Two weeks into its life, the Bitwise NEAR ETF already holds a sizable stash of tokens. As of October 12, 2026, the fund held 15,775,804.74 NEAR, worth approximately $79.2 million. The numbers behind the first two weeks Bitwise launched the fund on September 29, 2026, under the ticker NRR on NYSE Arca. It is the first US spot exchange-traded product to give investors direct exposure to NEAR tokens. Day one set the tone. The fund pulled in $35.5 million of inflows on its first trading day. By the end of the first week, cumulative inflows had reached $52.8 million. As NEAR’s price rallied, later reports placed total inflows somewhere in the $50–70+ million range. The fund had 3,020,000 shares outstanding as of the October 12 snapshot. Every one of those shares is backed by NEAR held directly, not by futures contracts or some synthetic wrapper. Staking, fees, and who holds the keys The NEAR ETF carries a 0.75% annual management fee. Coinbase Custody holds the tokens on the fund’s behalf. Bitwise plans to stake a significant portion of the fund’s NEAR in-house, aiming to earn additional rewards for the fund. At the fund’s inception, network staking rates were projected at around 5% annu...