QUICK SPARK: Bitwise Launches First Spot NEAR ETF In US

Bitwise has launched the Bitwise NEAR ETF (NYSE: NRR), the first spot NEAR exchange-traded product in the U.S., aimed at providing investors with exposure to NEAR Protocol and its developments in the 'agentic economy.' The ETF features in-house staking, targeting approximately 5% staking rewards, and highlights NEAR's significant growth, with transaction volume increasing from under $1 billion to over $32 billion in a year. NEAR's market cap is around $6 billion, and the network's inflation rate has been reduced to 2.5% annually.