Bitwise Launches US Spot NEAR ETF With Staking Fee Structure

Bitwise has launched the first spot NEAR Protocol (NEAR) ETF (ticker: NRR) on NYSE Arca, featuring a 0.75% annual management fee. The fund, which holds NEAR directly with Coinbase Custody, plans to stake its holdings. According to the prospectus, the fund will retain approximately 67% of staking rewards, with the remaining 33% allocated to cover staking expenses shared among Bitwise, Coinbase Custody, and the staking agent, Attestant.