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Bitwise NEAR ETF draws about $9 million in inflows on day three
The first US spot NEAR fund keeps pulling in fresh money, though the pace has cooled since its opening session
Investors put about $9 million into the Bitwise NEAR ETF on October 1, the fund’s third trading day. That figure comes from preliminary reports.
Three days, three rounds of inflows
NRR started trading on NYSE Arca on September 29, 2026. Its first session drew $35.5 million in net inflows.
That one day took assets under management to $36 million. Trading volume reached $15.1 million.
Day two brought another $13.2 million in net inflows on September 30. Assets under management climbed to $52.8 million, and trading volume rose to $20.1 million.
Then came the third session, with preliminary reports pointing to roughly $9 million in new money.
The staking twist
Bitwise plans to stake nearly all of its NEAR holdings in-house, targeting an average staking reward of around 5% after expenses. That rate is a target, not a guarantee.
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The fund charges an annual management fee of 0.75%.
Why NEAR, and why now
The fund arrived after a strong month for the token. NEAR rallied approximately 160% in the month before the ETF launched.
Much of that momentum tracked activity in NEAR’s cross-chain infrastructure, known as Intents. That system had processed over $32 billion in cumulative volume before the ETF debuted.
NEAR’s market cap exceeded $6 billion at launch. The token’s supply is also fully unlocked, and inflation has been reduced to 2.5%.
There is also a link between inflation and staking. Staking rewards come partly from new token issuance. With inflation at 2.5%, the source of those rewards is now more modest than before. That makes Bitwise’s targeted 5% after-expenses figure something to watch, not assume.