Bitwise's NRR began trading on NYSE Arca Tuesday, giving brokerage accounts NEAR exposure and staking rewards as the AI-focused token soars.
- Bitwise has launched the first US spot Near ETF (NRR) on NYSE Arca, allowing investors to gain exposure to the AI-focused Near blockchain token through traditional brokerage accounts.
- The ETF charges a 0.75% annual fee and holds actual Near tokens, offering staking rewards of approximately 5% which accrue to shareholders, though risks like slashing and potential loss of capital are disclosed.
- The launch coincides with Near's recent price surge, driven by its AI focus and upgrades, despite still being significantly down from its all-time high.
Topics: Asset types, Infrastructure providers, Scalability, Alternative assets, Tokenization platforms, Institutional capital inflows
Tags: #bitwise #nearprotocol #nearetf #ai #staking #blockchain #layer1 #etf #nysearca #crypto
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