Bitwise's NEAR ETF Clears Listing on NYSE Arca with NRR Ticker

Bitwise's NEAR ETF has received approval to list on NYSE Arca under the ticker NRR. The exchange clearance comes after Bitwise submitted its S-1 registration, effective under Section 12(b) of the Exchange Act.

The planned ETF aims to provide exposure to NEAR, a cryptocurrency trading near $5 after a 20% daily gain. Notably, futures open interest rose nearly 15% to $1.49 billion.

Bitwise plans to stake 100% of its holdings in the ETF, with a 0.75% management fee applied. The launch is pending additional filings and is expected next week.