Bitwise launches first US spot NEAR ETF with staking rewards
60-second summary
Bitwise launches the United States’ first spot NEAR exchange‑traded product, the NRR ETF, charging a 0.75% expense ratio and staking all underlying NEAR tokens in‑house; staking rewards accrue to the fund and are reflected in its net asset value, providing shareholders with yield‑enhanced exposure and signaling broader institutional interest in staking‑enabled crypto assets.
Bitwise's NRR is the first U.S. NEAR ETP, charging a 0.75% fee and staking its NEAR in-house, with rewards flowing to shareholders via NAV.