Bitwise said on Sept. 30 that Bitwise NEAR ETF (NRR), described as the first spot NEAR exchange-traded product in the United States, reached $36 million in assets under management on its first trading day. The fund recorded $35.5 million in net inflows and $15.1 million in trading volume, according to the company. Earlier reports said Bitwise plans to stake the NEAR tokens held by the fund internally. The move is intended to maximize participation in NEAR staking rewards, which were cited at about 5% on average. The figures outline the product’s first-day scale across assets, flows, and trading activity.
Bitwise said on Sept. 30 that Bitwise NEAR ETF (NRR), which it described as the first spot NEAR exchange-traded product in the United States, reached $36 million in assets under management on its first day of trading. The fund posted $35.5 million in net inflows and $15.1 million in trading volume.
Earlier reports said Bitwise plans to stake the NEAR tokens held by the fund internally to maximize participation in NEAR staking rewards, which were cited at about 5% on average.
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