Bitwise Brings Direct NEAR Exposure to the US Market

The launch of Bitwise's NEAR ETF on NYSE Arca marked a milestone for US crypto exposure. The fund, called NRR, offers direct access to the NEAR token through a regular brokerage account.

NRR charges a 0.75% management fee and holds NEAR tokens directly, unlike derivatives-based structures.

Bitwise intends to stake its NEAR holdings internally, distributing staking rewards to shareholders via the fund's net asset value.