Bitwise has launched the Bitwise NEAR ETF under the ticker NRR on NYSE Arca.

Bitwise has launched the Bitwise NEAR ETF (NRR) on NYSE Arca. The fund invests directly in NEAR and will stake tokens to generate additional yield of around 5% per year.

The fund’s fee is 0.75% per year. This is the first spot exchange-traded product in the U.S. offering direct exposure to NEAR.