Bitwise’s NEAR ETF clears NYSE Arca and SEC hurdles, launch imminent
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Bitwise’s NEAR ETF moved through SEC and NYSE Arca steps, and the fund is expected to trade under the ticker NRR. The filings also say the ETF may stake some or all of its NEAR holdings, but no first trading date has been announced.
Key claims & sources
What it means
NEAR holders and traders are the group most likely to notice this next, because the fund is set up to trade under NRR and may include staking in its structure. That means a new listed product around NEAR is close enough to be visible in the market, even though the first trading date is still not set.
Before this, the product was not described as having cleared both NYSE Arca and SEC steps. Now those hurdles are cleared, while the trading structure is still expected to include staking of some or all NEAR holdings.
Market reaction i
Coverage timeline
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