Virtune lists Staked NEAR ETP on Xetra with 1.49% fee
- —The 1.49% fee absorbs 55–57% of NEAR's gross staking yield
- —Each ETP unit was backed by 1.02237333 NEAR as of October 28
- —NEAR is held in Coinbase cold storage under a physical backing model
- —It is Virtune's 13th product in Germany; the issuer runs 24 ETPs with $340M in assets
Why it matters: The listing gives German investors staking exposure to NEAR through a standard brokerage account, though fees consume most of the yield.
Source: CryptoTicker