đš NYSE ARCA APPROVES BITWISE $NEAR ETF FOR LISTING.
âą Bitwise has cleared an important exchange-level hurdle after NYSE Arca approved its spot NEAR ETF listing application. The asset manager filed Form 8-A on September 24, registering the shares for trading under the Securities Exchange Act.
âą The ETF is expected to trade under ticker NRR, potentially becoming the first U.S. spot ETF tied directly to the NEAR Protocol. However, the filing does not set a launch date, stating that trading remains subject to a notice of issuance.
âą The fund will charge a 0.75% annual management fee and intends to stake its NEAR holdings under normal conditions. Coinbase Custody will safeguard the underlying tokens, while 33% of additional NEAR generated through staking would cover staking expenses.
âą The approval does not mean the SEC has approved the ETF itself. It confirms the exchange-level listing step, with the fund still awaiting its formal issuance and trading date. Near was trading near $5 following the news.
$NEAR
#Near #etf
âą Bitwise has cleared an important exchange-level hurdle after NYSE Arca approved its spot NEAR ETF listing application. The asset manager filed Form 8-A on September 24, registering the shares for trading under the Securities Exchange Act.
âą The ETF is expected to trade under ticker NRR, potentially becoming the first U.S. spot ETF tied directly to the NEAR Protocol. However, the filing does not set a launch date, stating that trading remains subject to a notice of issuance.
âą The fund will charge a 0.75% annual management fee and intends to stake its NEAR holdings under normal conditions. Coinbase Custody will safeguard the underlying tokens, while 33% of additional NEAR generated through staking would cover staking expenses.
âą The approval does not mean the SEC has approved the ETF itself. It confirms the exchange-level listing step, with the fund still awaiting its formal issuance and trading date. Near was trading near $5 following the news.
$NEAR
#Near #etf
