Bitwise NEAR ETF Launches in the U.S. with a Management Fee of 0.75%

Bitwise NEAR ETF (NYSE: NRR) officially launched in the United States on September 29, becoming the first spot NEAR ETP with a management fee of 0.75%. The fund will internally stake the NEAR tokens it holds, aiming to participate in an average staking reward of approximately 5% for NEAR. The NEAR Intents trading protocol has processed over $32 billion in cumulative volume, a significant increase from less than $1 billion a year ago. NEAR's market capitalization exceeds $6 billion, and its inflation rate has recently halved to 2.5%.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.