Bitwise has launched the first US spot exchange-traded product tracking NEAR. The fund, listed on NYSE Arca under the ticker NRR, charges a 0.75% annual management fee and holds NEAR tokens directly. The firm also plans to stake the fund’s tokens to generate additional returns, with estimated staking rewards of approximately 5% per year, of which 33% will be allocated to staking-related expenses and 67% retained by the fund. The NEAR Intents protocol has processed over $32 billion in volume, up from less than $1 billion a year ago. This launch brings Bitwise’s single-asset crypto products to six, including Bitcoin, Ether, Solana, XRP and Hyperliquid.
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