#bitwise推出首只near现货etf
A coin that surged 167% gets packed into an ETF and listed on an exchange—at first glance it looks like chasing hype, but on closer inspection, it’s not just the coin being sold..
📢 今日盘面群里聊
Bitwise launches the first U.S. spot NEAR ETF on NYSE Arca, ticker NRR. Expense ratio: 0.75%. It holds NEAR directly, and also plans to take a substantial portion of the fund’s tokens and stake them.. Its rationale isn’t the coin price—it’s that the trading volume of NEAR Intents grew from under $1 billion to more than $32 billion over the course of a year.
Most people reading this see it as yet another altcoin ETF getting approved.. But what’s truly worth looking at is the fund’s structure: an ETF that holds the coins, and also effectively handles staking for you to collect rental income. Spot ETFs and staking positions can’t be directly stitched together—once this link is made, the fund simultaneously gets two things: price exposure and on-chain “rent” revenue.
The money-rotation angle is even clearer.. In the U.S., Bitwise already has single-coin products for Bitcoin, Ethereum, Solana, XRP, and Hyperliquid; NEAR is the sixth. Last round’s ETF story was “big money can only buy BTC,” but now the list is pushing further into altcoins. Each new fund is like issuing a “institutional can buy” credential for the corresponding coin. NEAR is up 167% in a month—was it price first, or channel first? The order is hard to say.
Going one layer further, in 2024 NEAR shifted its direction toward AI. What Intents does is let users and AI agents state only what they want, while a third party finds the optimal solution on-chain.. Bitwise’s investment officer says AI agents will be NEAR’s primary use case; you can already see agents using this network, though most activity is still humans. Last week, BlackRock’s research also noted that more machine-to-machine trading will increase demand for stablecoins and tokenized assets.
Next, watch three things.. First, exactly what percentage of NEAR this ETF will stake and how the returns are distributed. Second, what share of Intents volume is attributable to agents. Third, which other coins might be written into this list next.
One reversal to keep in mind.. If machines really start paying for things themselves, the “rent” won’t go to any single coin—it will go to the track that’s written as the default channel. And what’s being launched this time is, in fact, that track.
A coin that surged 167% gets packed into an ETF and listed on an exchange—at first glance it looks like chasing hype, but on closer inspection, it’s not just the coin being sold..
📢 今日盘面群里聊
Bitwise launches the first U.S. spot NEAR ETF on NYSE Arca, ticker NRR. Expense ratio: 0.75%. It holds NEAR directly, and also plans to take a substantial portion of the fund’s tokens and stake them.. Its rationale isn’t the coin price—it’s that the trading volume of NEAR Intents grew from under $1 billion to more than $32 billion over the course of a year.
Most people reading this see it as yet another altcoin ETF getting approved.. But what’s truly worth looking at is the fund’s structure: an ETF that holds the coins, and also effectively handles staking for you to collect rental income. Spot ETFs and staking positions can’t be directly stitched together—once this link is made, the fund simultaneously gets two things: price exposure and on-chain “rent” revenue.
The money-rotation angle is even clearer.. In the U.S., Bitwise already has single-coin products for Bitcoin, Ethereum, Solana, XRP, and Hyperliquid; NEAR is the sixth. Last round’s ETF story was “big money can only buy BTC,” but now the list is pushing further into altcoins. Each new fund is like issuing a “institutional can buy” credential for the corresponding coin. NEAR is up 167% in a month—was it price first, or channel first? The order is hard to say.
Going one layer further, in 2024 NEAR shifted its direction toward AI. What Intents does is let users and AI agents state only what they want, while a third party finds the optimal solution on-chain.. Bitwise’s investment officer says AI agents will be NEAR’s primary use case; you can already see agents using this network, though most activity is still humans. Last week, BlackRock’s research also noted that more machine-to-machine trading will increase demand for stablecoins and tokenized assets.
Next, watch three things.. First, exactly what percentage of NEAR this ETF will stake and how the returns are distributed. Second, what share of Intents volume is attributable to agents. Third, which other coins might be written into this list next.
One reversal to keep in mind.. If machines really start paying for things themselves, the “rent” won’t go to any single coin—it will go to the track that’s written as the default channel. And what’s being launched this time is, in fact, that track.
