🚨 BITWISE LAUNCHES NEAR ETF NEARLY FIRST IN THE U.S.
Bitwise has just launched the Bitwise NEAR ETF, the first spot ETF in the U.S. that directly holds NEAR tokens.
The fund is listed on NYSE Arca under ticker NRR, with a management fee of 0.75% per year.
Notably, a significant portion of the NEAR held in the fund will be staked to help operate the network and earn additional rewards.
In the past month, the price of NEAR has risen by about 167%, reaching around $4.94.
The cited driver is NEAR Intents, a tool that supports transferring assets between blockchains, with trading volume having already exceeded $32B.
Personal viewpoint:
What I find most noteworthy is that NEAR is gaining an additional channel to access traditional capital flows through a spot ETF.
The fund’s direct holding and staking of NEAR also creates another way for investors to access the ecosystem without having to manage the tokens themselves.
However, NEAR has surged very strongly in a short time, so I will keep watching the actual inflows into the ETF and the degree of usage of NEAR Intents to assess whether the current momentum can be sustained.
👇 HOT COINS TRADING HERE 👇
$QNT
$ZRO
$PUMP
Bitwise has just launched the Bitwise NEAR ETF, the first spot ETF in the U.S. that directly holds NEAR tokens.
The fund is listed on NYSE Arca under ticker NRR, with a management fee of 0.75% per year.
Notably, a significant portion of the NEAR held in the fund will be staked to help operate the network and earn additional rewards.
In the past month, the price of NEAR has risen by about 167%, reaching around $4.94.
The cited driver is NEAR Intents, a tool that supports transferring assets between blockchains, with trading volume having already exceeded $32B.
Personal viewpoint:
What I find most noteworthy is that NEAR is gaining an additional channel to access traditional capital flows through a spot ETF.
The fund’s direct holding and staking of NEAR also creates another way for investors to access the ecosystem without having to manage the tokens themselves.
However, NEAR has surged very strongly in a short time, so I will keep watching the actual inflows into the ETF and the degree of usage of NEAR Intents to assess whether the current momentum can be sustained.
👇 HOT COINS TRADING HERE 👇
$QNT
$ZRO
$PUMP
