Bitwise launches first US spot NEAR ETF on NYSE Arca – Link
Bitwise's spot NEAR ETF (ticker NRR) started trading Tuesday with a 0.75% management fee and built-in staking. Holders get ≈5% average staking yield after a 33% fee cut. NEAR rose ≈5–6% intraday and is up over 160% in the past month.
• First regulated, staking-enabled NEAR product in the US
• Built-in staking yield passed to holders
• Token already up ≈200% pre-launch
Bitwise's spot NEAR ETF (ticker NRR) started trading Tuesday with a 0.75% management fee and built-in staking. Holders get ≈5% average staking yield after a 33% fee cut. NEAR rose ≈5–6% intraday and is up over 160% in the past month.
• First regulated, staking-enabled NEAR product in the US
• Built-in staking yield passed to holders
• Token already up ≈200% pre-launch
The ETF broadens institutional access, but with a run that big already priced in, a lot of the approval-driven upside may already be spent.