#BitwiseFilesFinalNEARSpotETFProspectus
🚨 BITWISE files in the final stretch near Spot ETF—NRR is ready for listing!
A major step for the NEAR protocol! Bitwise has submitted the final version of the NEAR spot ETF prospectus and received approval from NYSE Arca to list it under the ticker $NRR.
NEAR reacted immediately—up by about 7%+ to around $5, hitting a new one-year high, and outperforming $BTC (+0.6%). The year-to-date return is now roughly 96%, after being -60% in February.
Key details from the filing:
Ticker: NRR on NYSE Arca
Fees: 0.75% annually
Staking: The company will pledge all NEAR holdings—67% of the yield to shareholders, and 33% for expenses
Custody: Coinbase Custody
Trading expected to begin next week
Bitwise also published a 39-page investment report: the base case reaches $155 by 2030, and the bull case reaches $562.
This is a huge confirmation of NEAR as an L1. The first US spot NEAR ETF with integrated staking rewards is a real game-changer—combining institutional capital and yield in a single product. A short-term pullback after this surge is possible, but in the long run it opens the door for more ETF funds for alternative coins after $BTC /$ETH . NEAR has just entered the big leagues.
Stay tuned, please
#NEAR #Bitwise #ETF #CryptoNews #AltcoinETF #NRR
🚨 BITWISE files in the final stretch near Spot ETF—NRR is ready for listing!
A major step for the NEAR protocol! Bitwise has submitted the final version of the NEAR spot ETF prospectus and received approval from NYSE Arca to list it under the ticker $NRR.
NEAR reacted immediately—up by about 7%+ to around $5, hitting a new one-year high, and outperforming $BTC (+0.6%). The year-to-date return is now roughly 96%, after being -60% in February.
Key details from the filing:
Ticker: NRR on NYSE Arca
Fees: 0.75% annually
Staking: The company will pledge all NEAR holdings—67% of the yield to shareholders, and 33% for expenses
Custody: Coinbase Custody
Trading expected to begin next week
Bitwise also published a 39-page investment report: the base case reaches $155 by 2030, and the bull case reaches $562.
This is a huge confirmation of NEAR as an L1. The first US spot NEAR ETF with integrated staking rewards is a real game-changer—combining institutional capital and yield in a single product. A short-term pullback after this surge is possible, but in the long run it opens the door for more ETF funds for alternative coins after $BTC /$ETH . NEAR has just entered the big leagues.
Stay tuned, please
#NEAR #Bitwise #ETF #CryptoNews #AltcoinETF #NRR
