#bitwise申请上市near协议etf
One coin per week, up 36%: the spot ETF just cleared approval, but 30% of the staking yield was taken away first.
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Bitwise’s NEAR protocol ETF has already received listing approval for the NYSE Arca exchange, with the ticker NRR. The Form 8-A filed on September 24 shows that the listing application has been approved, and the shares are registered under the Securities Exchange Act’s Section 12(b). According to CoinGape, as long as the remaining certifications and filings are completed, trading could begin as early as next week. NEAR moved first: within 24 hours, it surged as high as $5.05, up about 20%; over the week it accumulated roughly a 36% gain, and the current price is around $4.87.
What’s really worth watching is the product structure. This ETF plans to stake 100% of the NEAR it holds, with a 0.75% management fee. It sounds like free yield, but the prospectus is very direct: the additional NEAR generated from staking is split—33% goes to staking-related fees, and the trust keeps only about 67%. In other words, the on-chain staking portion’s annualized return has already put 30% into the service provider’s pocket; you get what remains. The benefit is that you don’t have to run verification nodes yourself or worry about penalties and private keys; the cost is that this “packaging” itself comes with a price.
On-chain data tells a different story. NEAR’s total staked/locked value has broken through $210 million. Over the past 24 hours, open interest in futures rose nearly 15% to about $1.49 billion, with a near 10% jump within just four hours. But spot trading volume over the same period fell 33%. Derivatives are adding leverage while spot is shrinking—this combination usually means price action is being driven by short-term funds, not supported by spot buying.
In translation: this is another example of the “altcoin ETF wave.” After SOL and XRP, the regulator’s stance has loosened to the point where it’s willing to accept a single-chain ETF with a staking structure. For the project team, it effectively adds another passive capital channel aimed at U.S. accounts; for participants, you need to distinguish whether you’re buying the coin’s price or the staking yield that has already had fees deducted. The 36% weekly gain has already priced in a lot of expectations—on the day the ETF is officially listed for trading, it may end up following the old script of “good news, sell the fact.”
Do you think a staking-included ETF is the industry’s next step toward standardization, or that it packages the risks more prettily? Let’s discuss in the comments.
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One coin per week, up 36%: the spot ETF just cleared approval, but 30% of the staking yield was taken away first.
🔄 加入小恐龙粉丝群
Bitwise’s NEAR protocol ETF has already received listing approval for the NYSE Arca exchange, with the ticker NRR. The Form 8-A filed on September 24 shows that the listing application has been approved, and the shares are registered under the Securities Exchange Act’s Section 12(b). According to CoinGape, as long as the remaining certifications and filings are completed, trading could begin as early as next week. NEAR moved first: within 24 hours, it surged as high as $5.05, up about 20%; over the week it accumulated roughly a 36% gain, and the current price is around $4.87.
What’s really worth watching is the product structure. This ETF plans to stake 100% of the NEAR it holds, with a 0.75% management fee. It sounds like free yield, but the prospectus is very direct: the additional NEAR generated from staking is split—33% goes to staking-related fees, and the trust keeps only about 67%. In other words, the on-chain staking portion’s annualized return has already put 30% into the service provider’s pocket; you get what remains. The benefit is that you don’t have to run verification nodes yourself or worry about penalties and private keys; the cost is that this “packaging” itself comes with a price.
On-chain data tells a different story. NEAR’s total staked/locked value has broken through $210 million. Over the past 24 hours, open interest in futures rose nearly 15% to about $1.49 billion, with a near 10% jump within just four hours. But spot trading volume over the same period fell 33%. Derivatives are adding leverage while spot is shrinking—this combination usually means price action is being driven by short-term funds, not supported by spot buying.
In translation: this is another example of the “altcoin ETF wave.” After SOL and XRP, the regulator’s stance has loosened to the point where it’s willing to accept a single-chain ETF with a staking structure. For the project team, it effectively adds another passive capital channel aimed at U.S. accounts; for participants, you need to distinguish whether you’re buying the coin’s price or the staking yield that has already had fees deducted. The 36% weekly gain has already priced in a lot of expectations—on the day the ETF is officially listed for trading, it may end up following the old script of “good news, sell the fact.”
Do you think a staking-included ETF is the industry’s next step toward standardization, or that it packages the risks more prettily? Let’s discuss in the comments.
Every day, bringing you the latest crypto market hotspots—not only watching what’s happening in the news, but also helping you understand the logic and opportunities behind it 👀🚀
Click the profile picture to watch the live stream
