Bitwise launches first US ETP for NEAR Protocol
NEAR Protocol (NEAR)
Editor:
Eugene Serbin
newsdirectory3.com reports that Bitwise has launched the first exchange-traded product backed by NEAR Protocol in the United States market. The fund began trading on NYSE Arca under the ticker NRR on 29 September 2026. This vehicle offers institutional and traditional investors a regulated way to gain exposure to the asset without managing crypto wallets directly.
Bitwise applies an annual management fee of 0.75% and utilizes an internal staking mechanism for the NEAR held in the fund. Approximately 67% of staking rewards are passed to investors, while the remaining 33% covers operational expenses. The launch follows growth in the NEAR ecosystem driven by its sharded architecture and decentralized AI compatibility.
Bitwise previously supported the asset through institutional analysis, a European product, and its role as a network validator. Representatives described the start of NRR operations as solid compared to other individual crypto vehicles launched this year. However, initial flow and volume figures signal secondary market interest without guaranteeing sustained long-term demand. The product aims to attract family offices and institutional funds interested in layer-1 assets and decentralized infrastructure.
How the market reacted
Whalio's own Binance spot order flow for NEAR, measured when this story was written up on 7 October 2026. Not the outlet's figures.
NEAR is currently trading at $5.07 with a 1-hour buy ratio of 52.5%, indicating that buyers are slightly more aggressive than sellers in the short term. Over the 4-hour window, the buy ratio drops to 45.6%, suggesting that buying pressure is fading as the timeframe extends. The 24-hour buy ratio sits at 51.3%, showing a neutral balance between buyers and sellers over the full day. Volume delta reflects this shift, with a positive $378,678 in the last hour contrasting against a negative $2,477,983 over four hours. The cumulative volume delta for the day is +$2,754,058, meaning net buying has outweighed net selling recently. However, the cumulative volume delta at the 24-hour close is -$2,889,742, indicating that overall selling pressure dominated the full day's trading session. Spot volume reached $101,753,042 with 435,861 trades, while net buying occurred in only 11 of the 24 hours.
The latest daily buy ratio of 51.5% sits at the 77th percentile of the last 322 days, against a median of 49.7% - stronger buying than most days.
Was that an ordinary day?
The same Binance spot measurements for NEAR, averaged over the days leading up to the story.
Over the preceding week, NEAR saw a buy ratio average of 49.3%, with the latest day showing a 2.0 point increase above that average. This suggests a slight uptick in buying interest compared to the recent weekly norm. Volume for the day was 0.62 times the average, indicating significantly lower trading activity than usual. The coin experienced a 3.7% price increase over eight days, with net buying occurring on 3 of the 7 days. The total volume delta for the week was -$31,105,232, showing that selling pressure outweighed buying over the longer period. This day is ordinary in terms of sentiment but unusual due to the low volume relative to the weekly average.