Bitwise launches first U.S. spot NEAR ETF with 5% staking yield
- —NRR debuted on NYSE Arca on September 29 with a 0.75% management fee
- —The fund stakes NEAR for about 5% annualized yield, not guaranteed
- —NEAR Intents volume grew from under $1 billion to over $32 billion in a year
- —Bitwise managed about $9 billion in client assets as of June 30
Why it matters: The first U.S. spot NEAR ETF gives the token a brokerage-account route to U.S. capital and could lift spot demand.
Source: CryptoNinjas