Bitwise Launches First NEAR Protocol ETF in the US Featuring Staking Rewards
Bitwise has launched the first spot NEAR Protocol ETF in the United States, trading on NYSE Arca under the ticker NRR. The fund provides direct exposure to NEAR and generates additional yield through staking, with rewards incorporated into the fund's net asset value. The ETF carries a 0.75% annual management fee and follows the SEC's approval of its registration on September 24. This launch expands Bitwise's growing portfolio of altcoin ETFs, which already includes products for Bitcoin, Ethereum, Solana, XRP, and Hyperliquid.
Summaries are written by AI from the original article. Not investment advice.