Research note · NEAR

NEAR ETF ($NRR): flows since launch

Bitwise's NEAR ETF took in $88.5M in its first 15 trading days, relative to size more than SOL and XRP. Since 26 Oct it has seen its first outflows: cumulative net inflows are now $81.2M.

Cumulative net inflows$81.2MPeak $89.7M on 26 Oct
Outflow days3 of 27trading days since launch
Fund assets$63.7Mas of 4 Nov

Research snapshot · 4 Nov 2026

NEAR ETF daily net flows and cumulative net inflows from 29 Sep to 4 Nov 2026
Update of 5 Nov: daily flows and cumulative net inflows since launch · Select the image to view it at full size

A fast start for its size

After 15 trading days, $NRR had $88.5M of net inflows and not a single outflow day. That is 1.40% of NEAR's market cap at launch, 3.9x the SOL ETFs and 2.2x the XRP ETFs relative to size, with one issuer against two to four for the others. Only HYPE was level after 15 days at 1.41%.

First outflows

Net inflows peaked at $89.7M on 26 Oct and are now $81.2M. There were 3 outflow days (20 Oct, 27 Oct, 3 Nov), $11M in total, and no inflow day since 26 Oct. That lines up with the price: since the ETF launched, NEAR is down ~20%, vs. ~4% for BTC and ~11% for ETH. Fund assets are at ~$64M, ~$17M below what went in.

Staking and a second channel

The fund stakes 94% of its NEAR at ~5% gross. After fees, ETF holders get ~3.3% a year, about 530K NEAR (~$2M) a year accruing to the fund. Bitwise also added NEAR to its 10 Large Cap indexes in the 30 Oct rebalance. Still small: BITW holds ~$1.7M of NEAR at a 0.25% weight.

First 15 trading days of US spot ETF net inflows as % of market cap at launch: NEAR, HYPE, XRP and SOL
Original post of 20 Oct: first 15 trading days vs. the SOL, XRP and HYPE ETFs, as % of market cap at launch · Select the image to view it at full size

Updates since publication

  1. First outflows: net inflows peaked at $89.7M on 26 Oct and are now $81.2M, after 3 outflow days ($11M in total). Fund assets are ~$64M, below what went in, because NEAR is down ~20% since launch.

    Post on X ↗

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