NYSE Arca has approved the listing of the Bitwise NEAR Protocol spot ETF under the ticker NRR, marking the first spot NEAR ETF in the United States. Before this approval, investors mainly accessed NEAR exposure through Grayscale’s NEAR trust. The fund carries a 0.75% management fee, while Coinbase Custody will handle custody services and stake the underlying NEAR. The listing date has not been announced yet. After the news was released, NEAR briefly rose to around $5. The report was cited by PANews, which noted that the information was provided for market updates and did not constitute investment advice.
NYSE Arca has approved the listing of the Bitwise NEAR Protocol spot ETF, which will trade under the ticker NRR. It is the first spot NEAR ETF in the United States.
Before this product, investors mainly gained exposure to NEAR through Grayscale’s NEAR trust. The ETF has a 0.75% management fee, and Coinbase Custody will provide custody services and stake the fund’s NEAR holdings.
The listing date has not been disclosed. After the announcement, NEAR briefly climbed to around $5.
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