Bitwise Launches NEAR ETF After Token’s September Surge
Bitwise’s NEAR ETF began trading on NYSE Arca under the ticker NRR on Sept. 29, with multiple pieces describing it as the first U.S. spot product tied to NEAR. The fund holds NEAR directly, charges a 0.75% management fee, and is set up to stake the assets it holds. Several pieces also link the launch to NEAR’s recent trading strength and growing activity around NEAR Intents.
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What it means
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U.S. brokerage customers now have a listed fund that gives direct NEAR exposure and staking through NRR, and that is the part they would notice first the next trading day. The launch also puts a spot NEAR product into the market alongside the token’s recent strength and rising activity around NEAR Intents.
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Has this happened before?
| When | What happened | Figure |
|---|---|---|
| 21 days ago | Bitwise And Vise Bring Crypto Model Portfolios To Financial Advisors event | 1 actors in common · 3 news media |
| 22 days ago | Lighter falls 11% after Bitwise’s LIT ETP launch – But there’s a catch! event | 1 actors in common · 2 news media |
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