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Bitwise Launches First US Spot NEAR ETF With Staking Fees Taking 33% of Rewards

What happened

Asset manager Bitwise has officially launched a spot NEAR Protocol (NEAR) exchange-traded fund on NYSE Arca on Tuesday, with a 0.75% annual management fee. The fund trades under the ticker NRR and holds NEAR directly, with Coinbase Custody as custodian. Its registration took.

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