According to Huoxing Finance, Bitwise Asset Management has launched the Bitwise NEAR ETF (ticker: NRR) on NYSE Arca, dubbed the first spot NEAR ETP in the U.S., with an expense ratio of 0.75%. The fund plans to stake the NEAR holdings through its in-house staking team, targeting participation in approximately 5% of the average staking rewards.
Bitwise Launches First U.S. Spot NEAR ETF on NYSE Arca
MarsBitShare
Summary
Bitwise Asset Management has launched the Bitwise NEAR ETF (ticker: NRR) on NYSE Arca, marking the first spot NEAR ETP in the U.S. The ETF charges a 0.75% management fee and plans to stake NEAR tokens through its in-house team, aiming to capture approximately 5% of average staking rewards. This development adds to the growing wave of on-chain activity in the crypto market.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.