Bitwise has launched NRR, positioning it as the first spot NEAR exchange-traded product available in the United States. The new ETP provides direct exposure to the NEAR protocol through a regulated investment vehicle. Bitwise CIO Matt Hougan stated that NEAR "sits at the intersection of two of the biggest trends in technology: AI and crypto." The launch underscores the firm's strategy to capitalize on the convergence of artificial intelligence and blockchain infrastructure within the digital asset market.