U.S. · Bitcoin · Ethereum · The Block
Bitwise rolls out first US spot NEAR ETF with staking rewards
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Bitwise has launched the Bitwise NEAR ETF (NRR), the first U.S. spot exchange-traded product providing direct exposure to NEAR, with trading beginning today, Sept. 29, on NYSE Arca.
Key facts
- The NEAR -3.12% NEAR -3.12% $5.012 See Details token trades around $4.93 and has a market capitalization of around $6.5 billion at the time of writing, making it a top-20 non-stablecoin cryptocurrency
- NRR joins Bitwise's lineup of single-asset crypto ETPs, including the Bitwise Bitcoin ETF (BITB), Bitwise Ethereum ETF (ETHW), Bitwise Solana ETF (BSOL), Bitwise XRP ETF (XRP) and Bitwise Hyperliquid
- Bitwise has launched the Bitwise NEAR ETF (NRR), the first U.S. spot exchange-traded product providing direct exposure to NEAR, with trading beginning today, Sept. 29, on NYSE Arca
- The fund carries a 0.75% management fee, and the asset manager intends to stake its NEAR holdings in-house, with the staking rewards accruing to shareholders through the fund's NAV
Summary
The fund carries a 0.75% management fee, and the asset manager intends to stake its NEAR holdings in-house, with the staking rewards accruing to shareholders through the fund's NAV. The launch expands Bitwise's lineup of single-asset crypto ETFs into NEAR, which the firm is positioning as infrastructure for an emerging AI-powered economy. "AI is fundamentally changing how we access information and how economic activity happens," Bitwise CEO Hunter Horsley said in a release. NRR joins Bitwise's lineup of single-asset crypto ETPs, including the Bitwise Bitcoin ETF (BITB), Bitwise Ethereum ETF (ETHW), Bitwise Solana ETF (BSOL), Bitwise XRP ETF (XRP) and Bitwise Hyperliquid ETF (BHYP).