Bitwise launches the first immediate US NEAR fund
Decrypt reported that Bitwise launched the first spot exchange-traded fund (ETF) for the NEAR coin in the United States. The NRR fund began trading on NYSE Arca on Tuesday, enabling brokerage accounts to gain exposure to the coin and earn staking rewards.
• The product provides exposure to NEAR via brokerage accounts.
• The fund combines coin exposure with staking rewards.
• According to a Decrypt headline, the coin’s value has risen to roughly three times its August level.
💧 Impact on the market and liquidity: The fund may open an additional channel for directing capital toward NEAR exposure through brokerage, but the available information does not include figures for inflows or trading volumes.
🎯 Most affected: NEAR, spot crypto ETFs, staking
Source: Decrypt
#Crypto #ETF
Decrypt reported that Bitwise launched the first spot exchange-traded fund (ETF) for the NEAR coin in the United States. The NRR fund began trading on NYSE Arca on Tuesday, enabling brokerage accounts to gain exposure to the coin and earn staking rewards.
• The product provides exposure to NEAR via brokerage accounts.
• The fund combines coin exposure with staking rewards.
• According to a Decrypt headline, the coin’s value has risen to roughly three times its August level.
💧 Impact on the market and liquidity: The fund may open an additional channel for directing capital toward NEAR exposure through brokerage, but the available information does not include figures for inflows or trading volumes.
🎯 Most affected: NEAR, spot crypto ETFs, staking
Source: Decrypt
#Crypto #ETF