Bitwise Launches First US Spot NEAR ETF With Staking Rewards
(3 days ago) · 4 sources · Summarized by CryptoBipto
Bitwise has launched what it describes as the first US spot exchange-traded fund tracking NEAR Protocol's native token, with built-in staking rewards. The ETF reportedly allows investors to gain exposure to NEAR through a traditional brokerage account while earning staking yields.
WHY IT MATTERS
An ETF, or exchange-traded fund, is a product you can buy and sell through a regular investment account, just like a stock. This NEAR ETF lets people invest in the NEAR cryptocurrency without having to set up a crypto wallet or use a crypto exchange. Think of it like buying a share in a gold fund instead of storing gold bars yourself. The staking rewards aspect is similar to earning interest: NEAR uses a system where token holders can help secure the network and earn rewards in return, and this ETF reportedly passes some of those rewards to investors. This launch matters because it shows that crypto ETFs in the US are expanding beyond Bitcoin and Ethereum to include other blockchain projects, potentially making a wider range of crypto assets accessible to everyday investors through familiar financial tools.
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- theblock.co
- cointelegraph.com
- cryptopotato.com
- decrypt.co
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