$52.8 million has come under the management of the Bitwise fund associated with NEAR, and the standout figure here is the speed of inflows.
The Bitwise NEAR-listed fund (NRR) recorded net inflows of $13.2 million yesterday, alongside a trading volume of $20.1 million. 📈
What’s notable is that Bitwise isn’t only providing immediate exposure to NEAR; it previously announced its plan to deploy the tokens held by the fund in staking, to take advantage of a reward of roughly 5%. 🔒
From my experience, strong inflows become even more exciting when they’re paired with a strategy that generates additional yield, because it gives the asset an investment narrative that goes beyond just price movement.
Could continued institutional inflows into NRR push more investors to look at NEAR as a long-term asset?
$NEAR
#NearBullish #Bitwise #Crypto #staking #BinanceSquare
The Bitwise NEAR-listed fund (NRR) recorded net inflows of $13.2 million yesterday, alongside a trading volume of $20.1 million. 📈
What’s notable is that Bitwise isn’t only providing immediate exposure to NEAR; it previously announced its plan to deploy the tokens held by the fund in staking, to take advantage of a reward of roughly 5%. 🔒
From my experience, strong inflows become even more exciting when they’re paired with a strategy that generates additional yield, because it gives the asset an investment narrative that goes beyond just price movement.
Could continued institutional inflows into NRR push more investors to look at NEAR as a long-term asset?
$NEAR
#NearBullish #Bitwise #Crypto #staking #BinanceSquare
