Bitwise Launches NEAR ETF with AI and Staking Focus
- Bitwise has introduced the NEAR ETF, trading under the ticker NRR on NYSE Arca from September 29.
- The fund offers spot exposure to NEAR with an estimated staking reward of around 5%.
- Management fee for the ETF is set at 0.75%.
- NEAR transactions finalize in approximately 1.2 seconds, maintaining a consistent uptime over six years.
- The protocol recently reduced inflation to 2.5%, with some revenue allocated for buybacks.
The Bitwise NEAR ETF aims to merge AI and crypto by offering U.S investors access to staking-based crypto through traditional brokerage accounts, while providing potential income from staking rewards alongside market appreciation.
By integrating AI and blockchain, Bitwise positions NEAR as a key player in autonomous digital commerce, potentially driving demand for its ETF products as AI-agent transactions increase. (Source)
