TREE NEWS update: Bitwise has launched NRR, the first US spot NEAR exchange-traded product, which charges a 0.75% fee and stakes its NEAR holdings in-house. Staking rewards are passed through to shareholders via net asset value. The listing marks the first US spot ETF tied to the NEAR token.
Bitwise launches first US spot NEAR ETF with staking rewards
AI take
The notable design choice is the in-house staking with rewards passed through NAV, which makes the wrapper an income-bearing product rather than pure price exposure — a template other proof-of-stake issuers may follow. It matters most for US access to NEAR, which until now lacked a spot ETF route. The open question is whether staking-in-ETF structures draw regulatory scrutiny or asset-manager copycats.
Generated by AI for reference only.
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