$NEAR 🔥 Bitwise storms the NYSE: an application for a spot NEAR ETF has been filed!
Asset manager Bitwise has filed documents with the SEC to launch the Bitwise NEAR ETF under the ticker NRR on the NYSE Arca exchange. The product provides traditional capital with direct access to the NEAR ecosystem.
100% staking: The fund plans to stake all held tokens so investors can benefit not only from price appreciation but also from passive income.
Infrastructure of giants: Coinbase Custody is responsible for storing the tokens, while BNY Mellon handles cash flows and administration.
Parameters: The management fee is 0.75%, and initial capital for liquidity has already been raised.
Bitwise’s European NEAR ETP counterpart has already exceeded $100 million in AUM. The fund’s entry into the U.S. market under ticker NRR is a direct bridge for multi-billion-dollar institutional inflows into the NEAR protocol. The final word still belongs to the SEC.
Asset manager Bitwise has filed documents with the SEC to launch the Bitwise NEAR ETF under the ticker NRR on the NYSE Arca exchange. The product provides traditional capital with direct access to the NEAR ecosystem.
100% staking: The fund plans to stake all held tokens so investors can benefit not only from price appreciation but also from passive income.
Infrastructure of giants: Coinbase Custody is responsible for storing the tokens, while BNY Mellon handles cash flows and administration.
Parameters: The management fee is 0.75%, and initial capital for liquidity has already been raised.
Bitwise’s European NEAR ETP counterpart has already exceeded $100 million in AUM. The fund’s entry into the U.S. market under ticker NRR is a direct bridge for multi-billion-dollar institutional inflows into the NEAR protocol. The final word still belongs to the SEC.