Bitwise Launches NEAR ETF (NRR) in the US

Bitwise has launched the Bitwise NEAR ETF (NYSE: NRR), the first spot NEAR ETP, with a management fee of 0.75%. Trading began on September 29 on NYSE Arca. Bitwise intends to stake the NEAR tokens held by the fund, aiming to capture approximately 5% in average staking rewards. NEAR currently has a market capitalization exceeding $6 billion, with its inflation rate recently halved to 2.5%.