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Bitwise launches first U.S. spot NEAR ETP that pays staking rewards
The product charges a 0.75% fee and distributes NEAR staking rewards to shareholders through NAV.
Bitwise has launched what it describes as the first U.S. spot NEAR exchange-traded product, including staking rewards for holders, according to The Block.
The fund, called NRR, charges a 0.75% fee and stakes NEAR using Bitwise's in-house setup.
The Block says the staking rewards are routed to shareholders through the fund's NAV.
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