Bitwise’s proposed NEAR exchange-traded fund has cleared two procedural steps on its path to market. According to The Defiant, the product received listing approval from NYSE Arca and also secured an effective securities registration, removing two hurdles before it can offer brokerage investors exposure to NEAR. The fund is set to trade under the ticker NRR. The report also said the ETF is designed to give investors access not only to the NEAR token itself but also to staking rewards tied to the asset. A Form 8-A filed on Sept. 24 stated that NYSE Arca had approved the fund for listing. The update does not say when trading will begin, but it confirms that the proposed ETF has advanced through two key regulatory and exchange-related steps.
Bitwise’s NEAR ETF has cleared two key steps toward launch after securing NYSE Arca listing approval and an effective securities registration.
The fund is intended to trade under the ticker NRR and would give brokerage investors exposure to the NEAR token as well as staking rewards.
Exchange and registration steps cleared
According to The Defiant, Bitwise has now passed two hurdles required before the product can be offered more broadly.
A Form 8-A filed on Sept. 24 said NYSE Arca had approved the fund for listing.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
