The exchange-traded fund (ETF) offers US investors spot exposure to the NEAR blockchain network through an exchange-traded product.
Bitwise Asset Management has launched the Bitwise NEAR ETF (NYSE: NRR), which the company says is the first spot NEAR exchange-traded product available in the United States. The fund will hold spot NEAR tokens The fund is designed to provide investors with exposure to NEAR, a blockchain network focused on supporting applications linked to artificial intelligence and digital assets. The fund will hold spot NEAR tokens and the firm intends to stake those holdings in-house to participate