#BitwiseFilesFinalNEARSpotETFProspectus
Bitwise Asset Management has filed the final prospectus for its spot NEAR ETF, following key regulatory steps that put the fund on track to begin trading imminent next week. The fund will list on the New York Stock Exchange (NYSE) Arca under the ticker symbol "NRR". [1]
📊 Key Details of the Bitwise $NEAR
$ETFT.ETF
Staking Rewards: Unlike traditional spot crypto ETFs, this fund is structurally distinct because 100% of its holdings will be staked to generate additional yield. [1]
Reward Split: Staking proceeds will be split: 67% will go to shareholders, while the remaining 33% will cover staking agents, the custodian, and the sponsor. [1]
Management Fee: Bitwise will charge a 0.75% annual sponsor fee. [1]
Service Providers: Coinbase Custody will manage the underlying NEAR tokens, while $BNY.US
Mellon will provide cash custody and administrative services. [1]
Bitwise Asset Management has filed the final prospectus for its spot NEAR ETF, following key regulatory steps that put the fund on track to begin trading imminent next week. The fund will list on the New York Stock Exchange (NYSE) Arca under the ticker symbol "NRR". [1]
📊 Key Details of the Bitwise $NEAR
$ETFT.ETF
Staking Rewards: Unlike traditional spot crypto ETFs, this fund is structurally distinct because 100% of its holdings will be staked to generate additional yield. [1]
Reward Split: Staking proceeds will be split: 67% will go to shareholders, while the remaining 33% will cover staking agents, the custodian, and the sponsor. [1]
Management Fee: Bitwise will charge a 0.75% annual sponsor fee. [1]
Service Providers: Coinbase Custody will manage the underlying NEAR tokens, while $BNY.US
Mellon will provide cash custody and administrative services. [1]
