Bitwise Launches First US Spot NEAR ETF With Staking Fees Taking 33% of Rewards
🚀 Bitwise has launched the first spot NEAR Protocol ETF on NYSE Arca, trading under the ticker NRR, with a 0.75% annual management fee and Coinbase Custody as its custodian.
💰 The fund plans to stake all NEAR holdings, with an average staking reward of about 5% per year, while retaining 67% of the staking rewards to cover expenses.
⏳ Grayscale is still awaiting approval to convert its NEAR trust into a spot ETF, which currently charges a higher annual fee of 2.5%.
🚀 Bitwise has launched the first spot NEAR Protocol ETF on NYSE Arca, trading under the ticker NRR, with a 0.75% annual management fee and Coinbase Custody as its custodian.
💰 The fund plans to stake all NEAR holdings, with an average staking reward of about 5% per year, while retaining 67% of the staking rewards to cover expenses.
⏳ Grayscale is still awaiting approval to convert its NEAR trust into a spot ETF, which currently charges a higher annual fee of 2.5%.