Crypto
Bitwise Launches First US NEAR ETF with Direct Token Exposure
Bitwise Asset Management's new spot NEAR ETF has started trading on NYSE Arca under the ticker NRR, marking the first US exchange-traded fund to give investors direct exposure to NEAR Protocol tokens.
The fund allows investors to gain access to both price appreciation and staking rewards of NEAR tokens, with Bitwise planning to stake 100% of its holdings.
The annual management fee for the fund is 0.75%, which covers staking-related expenses, with Bitwise taking a 33% cut of additional NEAR generated through staking.