Bitwise is a trusted partner to investors, financial advisors, family offices, and institutions looking to understand and access crypto.
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The future is NEAR.
Introducing $NRR—the Bitwise NEAR ETF—giving investors exposure to the emerging agentic economy.
$NRR is the first spot $NEAR ETP in the U.S. and offers in-house staking to maximize NEAR's ~5% staking rewards.*
Why @NEARprotocol?
↳ Built at the intersection of AI x crypto by foundational AI researchers: The team helped shape modern AI, and now they're building its transaction layer.
↳ Growing quickly: NEAR Intents has processed $32B+ in volume, up from under $1B a year ago.
↳ Designed for security: NEAR Intents settle cross-chain transactions through smart contracts to avoid the potential risks of centralized bridges.
↳ Made for scale: Transactions finalize in ~1.2 seconds and cost a fraction of a cent.
↳ Smart tokenomics: With a ~$6B market cap, NEAR's supply is fully unlocked, inflation was recently halved to 2.5% per year, and fees now fund buybacks.
Why in-house staking?
Staking in-house brings Bitwise's institutional expertise directly to NRR investing with transparency, security, and oversight.
As AI and crypto converge, the Bitwise NEAR ETF ($NRR) gives investors straightforward exposure to the network leading the charge.
Learn more at nrretf.com
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Bitwise retweeted
JUST IN: Bitwise Head of Research says sovereign wealth funds are selling gold to buy Bitcoin 👀
"One of the sovereign wealth funds we spoke to were actually selling their gold reserves to fund Bitcoin purchases." 🚀
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Bitwise retweeted
LATEST: 🇺🇸 Bitwise CIO Matt Hougan says the CLARITY Act's failure was actually good for crypto, saying regulators have since acted more aggressively pro-crypto than anything the bill considered.
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Bitwise retweeted
LATEST: 📈 Bitwise CIO Matt Hougan told the New Era Finance Podcast that investors shifting from 100% fiat to a 90/10 fiat-to-hard-assets portfolio could push Bitcoin to "a price measured in multiple hundreds of thousands of dollars."
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Bitwise General Counsel @johannarcw read the SEC’s 760-page crypto custody proposal so you don't have to.
Now that I’ve had a chance to read it in more depth, the SEC’s 760-page custody proposal thoughtfully addresses problems crypto asset managers have faced since 2017. It is encouraging to see the SEC working through these issues with the industry. However, important questions about DeFi still remain. 🧵
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Bitwise retweeted
Matt Hougan pointed at something that's never happened in #crypto before, and it's quietly the biggest edge in the market right now:
"The fundamentals are moving ahead of price in crypto, maybe for the first time."
His example is painfully concrete. "We were all talking about Robinhood chain in July. Wall Street upgraded Robinhood stock at the end of August. As an investor, you actually had like two months where it was common knowledge on crypto Twitter that this thing was a rocket ship before Wall Street caught up and then the price caught up."
Two months. Common knowledge in one room, invisible in the other. "There's really broadly understood fundamental changes that haven't been reflected in price... I still think we're in that era."
The rest of the clip is him thinking out loud about where the exchange landscape goes, and his history lesson explains a lot:
"Leadership in particularly the derivative side of the market has changed over the history of crypto. It was BitMEX and then it was Binance, now maybe it's Hyperliquid. That has not been a particularly sticky category."
Every one and a half to two years, a new venue. And Hyperliquid didn't invent anything, in his read, "a lot of what Hyperliquid is doing is not new... their success really came down to combining like six or seven different advances at once."
His kicker, with the SEC now green-lighting token capital raises: "I suspect we're going to see an ICO 2.0... it won't look exactly the same, but it'll probably rhyme."
@Matt_Hougan @new_era_finance
While everyone's staring at #Bitcoin, Matt Hougan says four other assets are quietly leading this entire bull market.
Matt Hougan (@Matt_Hougan) is CIO of Bitwise, one of the largest crypto asset managers in the world. His frame for what's happening is bigger than a cycle:
The addressable market for DeFi protocols just grew 100x. From competing inside a $2 trillion crypto market to taking a shot at the $100 trillion stock market and the $300 trillion bond market.
And the race for that prize is on:
"$HYPE making its case to be chiseled into the Mount Rushmore. $ZEC is arguing that privacy should be on the Mount Rushmore. $VVV is arguing that real world AI should be on the Mount Rushmore."
We cover:
- The four assets he sees winning this bull market, and why Bitcoin is only part of the story
- Why traditional investors who move into the tokenized world never go back
- Why exchanges keep getting disrupted every year and a half
- The Mount Rushmore of crypto: who's carved in, who's campaigning
- Bitcoin as the debasement hedge, tokenization as the second megatrend running alongside it
Thanks to @OKX for being today’s sponsor of the show!
Timestamps:
00:55 - The Bull Market Awakening
03:03 - Bridging TradFi And Blockchain
05:59 - The Evolution Of DeFi
08:55 - The Future Of Trading
12:13 - Institutional Interest And Regulation
14:54 - The Changing Exchange Landscape
18:10 - The Future Of ETFs
26:57 - Tokenization's Next Phase
28:40 - Layer One Expectations
30:10 - New Protocols And DeFi Bets
32:13 - Social Trading And FOMO
34:38 - Tokenized Stocks Explained
36:01 - The Mount Rushmore Of Crypto
38:57 - Fixing Tokenomics
41:21 - Bitcoin As An Inflation Hedge
45:12 - The Two Mega Trends
47:50 - AI's Role In Crypto
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Bitwise retweeted
What Do Institutions Demand From Digital Asset Yield Products?
Hunter Horsley (@HHorsley), CEO at @Bitwise, Jacob Phillips (@JacobPPhillips), Co-Founder at @Lombard_Finance, and Elizabeth Yenko (@hey_elizabethy), Head of Digital Assets Strategy at @NYLIManagement Investment Management, unpack the institutional demand side in the day’s second panel, moderated by Steve Lee (@xxstevelee), Managing Partner at @NeoclassicCap.
⏱️ 10:30 AM SGT
📍Raffles Hotel, Singapore
Catch Hunter, Jacob, Elizabeth, and Steve on the stage!
Digital Asset Yield Summit is where private capital explores onchain yield: a tightly curated room of 300 institutional allocators and asset managers. Service Provider passes are sold out. A few complimentary spots remain open for LPs and Allocators:
🔗 Request an Invite → daysevent.com/singapore#pass…
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Bitwise retweeted
🎥 The Big Picture is LIVE on X with @Matt_Hougan from @Bitwise to discuss the market outlook for Q4 and beyond:
➡️ Is the 4-year cycle in tact?
➡️ Q4 rally incoming?
➡️ ETF landscape overview, $BSOL, $NRR the first spot $NEAR ETP
Tune in now 👇
x.lingyaoai.com/i/broadcasts/1RKjpbvAd…
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Bitwise retweeted
While everyone's staring at #Bitcoin, Matt Hougan says four other assets are quietly leading this entire bull market.
Matt Hougan (@Matt_Hougan) is CIO of Bitwise, one of the largest crypto asset managers in the world. His frame for what's happening is bigger than a cycle:
The addressable market for DeFi protocols just grew 100x. From competing inside a $2 trillion crypto market to taking a shot at the $100 trillion stock market and the $300 trillion bond market.
And the race for that prize is on:
"$HYPE making its case to be chiseled into the Mount Rushmore. $ZEC is arguing that privacy should be on the Mount Rushmore. $VVV is arguing that real world AI should be on the Mount Rushmore."
We cover:
- The four assets he sees winning this bull market, and why Bitcoin is only part of the story
- Why traditional investors who move into the tokenized world never go back
- Why exchanges keep getting disrupted every year and a half
- The Mount Rushmore of crypto: who's carved in, who's campaigning
- Bitcoin as the debasement hedge, tokenization as the second megatrend running alongside it
Thanks to @OKX for being today’s sponsor of the show!
Timestamps:
00:55 - The Bull Market Awakening
03:03 - Bridging TradFi And Blockchain
05:59 - The Evolution Of DeFi
08:55 - The Future Of Trading
12:13 - Institutional Interest And Regulation
14:54 - The Changing Exchange Landscape
18:10 - The Future Of ETFs
26:57 - Tokenization's Next Phase
28:40 - Layer One Expectations
30:10 - New Protocols And DeFi Bets
32:13 - Social Trading And FOMO
34:38 - Tokenized Stocks Explained
36:01 - The Mount Rushmore Of Crypto
38:57 - Fixing Tokenomics
41:21 - Bitcoin As An Inflation Hedge
45:12 - The Two Mega Trends
47:50 - AI's Role In Crypto
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INSIGHT: @Bitwise CIO Matt Hougan explains why crypto rallied after the CLARITY Act failed.
He argues the industry "sacrificed long-term certainty and got better rules, faster" as the SEC and CFTC moved in with more favorable measures than the bill itself would have delivered.
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Day 2 trading stats for the Bitwise NEAR ETF $NRR, the first spot NEAR ETP in the U.S.:
Net inflows: $13.2 million
Volume: $20.1 million
AUM: $52.8 million
Big week for @NEARProtocol.
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This material must be accompanied by a prospectus. Please read the prospectus carefully before investing. To obtain a current prospectus visit nrretf.com/welcome.
The Bitwise NEAR ETF (NRR) is not suitable for all investors. An investment in NRR is subject to a high degree of risk, has the potential for significant volatility, and could result in significant or complete loss of investment. NRR is not an investment company registered under the Investment Company Act of 1940 (the “1940 Act”) and therefore is not subject to the same protections as mutual funds or ETFs registered under the 1940 Act. An investment in NRR is not the same as a direct investment in NEAR.
Marketing Agent Foreside Fund Services, LLC.
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The Clarity Act died in the Senate two weeks ago. Crypto rallied anyway.
Bitwise CIO @Matt_Hougan on the reasons why:
- Stablecoin rewards have no federal cap without it.
- Exchanges keep their moat.
- The SEC greenlit tokenized stock trading days later.
- Buyback tokens got regulatory clarity the bill never gave them.
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Read the full Weekly CIO Memo here: experts.bitwiseinvestments.c…
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Bitwise retweeted
JUST IN: Bitwise Head of Research says most institutions interviewed in their research bought Bitcoin during the bear market.
"These are pensions, endowments, foundations, and sovereign wealth funds. NONE of the institutions were selling...many of them bought more Bitcoin" 🚀
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Bitwise retweeted
Bitwise CIO Matt Hougan said NEAR "sits at the intersection of two of the biggest trends in technology: AI and crypto" as the firm launched NRR, which it calls the first spot NEAR ETP in the U.S.
unchainedcrypto.com/bitwise-…
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Holding $NEAR isn't passive.
"If you hold a NEAR token, you're securing the ecosystem, you have AI capacity, and you're benefiting from all the transaction fees generated by AI and Intents in the system."
- @ilblackdragon on what it actually means to hold NEAR.
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🚨🧦🚨🧦🚨🧦
To celebrate the launch of $NRR, we’re giving away limited-edition Bitwise NEAR socks to 50 followers!
$NEAR is building the settlement layer for the agentic economy, and we couldn't be more excited to offer investors exposure to it with the Bitwise NEAR ETF.
How to enter:
1️⃣ Follow @Bitwise
2️⃣ Reply below with your favorite project that’s building on @NEARProtocol
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This material must be accompanied by a prospectus. Please read the prospectus
carefully before investing. To obtain a current prospectus visit nrretf.com/welcome.
The Bitwise NEAR ETF (NRR) is not suitable for all investors. An investment in NRR is subject to a high degree of risk, has the potential for significant volatility, and could result in significant or complete loss of investment. NRR is not an investment company registered under the Investment Company Act of 1940 (the “1940 Act”) and therefore is not subject to the same protections as mutual funds or ETFs registered under the 1940 Act.
An investment in NRR is not the same as a direct investment in NEAR. Potential staking rewards are earned by the Trust and accrue to shareholders as an increase in the net asset value (NAV) per share. Staking reward is not guaranteed and subject to change.
Marketing Agent Foreside Fund Services, LLC.
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Day 1 of trading was a hot start by NRR investors and a big milestone for @NEARProtocol.
Excited for day 2!
Day 1 trading stats for the Bitwise NEAR ETF (NRR), the first spot NEAR ETP in the U.S.:
AUM: $36 million
Net inflows: $35.5 million
Volume: $15.1 million
A hot start by NRR investors and a major milestone for @NEARProtocol.
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Day 1 trading stats for the Bitwise NEAR ETF (NRR), the first spot NEAR ETP in the U.S.:
AUM: $36 million
Net inflows: $35.5 million
Volume: $15.1 million
A hot start by NRR investors and a major milestone for @NEARProtocol.
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This material must be accompanied by a prospectus. Please read the prospectus carefully before investing. To obtain a current prospectus visit nrretf.com/welcome.
The Bitwise NEAR ETF (NRR) is not suitable for all investors. An investment in NRR is subject to a high degree of risk, has the potential for significant volatility, and could result in significant or complete loss of investment. NRR is not an investment company registered under the Investment Company Act of 1940 (the “1940 Act”) and therefore is not subject to the same protections as mutual funds or ETFs registered under the 1940 Act. An investment in NRR is not the same as a direct investment in NEAR.
Marketing Agent Foreside Fund Services, LLC.
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