Bitwise NEAR ETF Approved to List and Trade on NYSE Arca, NEAR Jumps to $5
- —NYSE Arca approved the Bitwise NEAR ETF listing under ticker NRR
- —Management fee set at 0.75%, with 100% of NEAR to be staked
- —NEAR jumped 20% in 24 hours to $5, up 36% on the week
- —NEAR futures open interest rose 15% to $1.49 billion
Why it matters: The first spot NEAR ETF gives institutions regulated exposure to the token and could drive further inflows.
Source: CoinGape