Bitwise Launches First Spot NEAR ETF NRR on NYSE Arca

Bitwise Asset Management has launched the Bitwise NEAR ETF (ticker: NRR) on NYSE Arca, marking the first spot NEAR ETP in the United States. The fund carries a management fee of 0.75% and intends to stake the underlying NEAR tokens through its internal team, targeting an average staking reward of approximately 5%.