Many investors still get confused, but if you want exposure to the NEAR Protocol’s crypto ecosystem, the correct ticker in the traditional market is not NEAR!
• NEAR Ticker: Refers to the iShares Short Duration Bond Active ETF (a traditional fixed-income fund focused on short-term U.S. Treasury securities).
• NRR Ticker: This is the real spot crypto ETF launched by Bitwise Asset Management on the NYSE Arca!
Why keep an eye on the Bitwise NEAR ETF (NRR)?
1️⃣ Direct Exposure: It provides simplified access to the NEAR ecosystem, which today stands out strongly at the intersection between Decentralized Artificial Intelligence and Web3.
2️⃣ Staking Differential: The fund carries out institutional staking of the tokens in its wallet. The goal is to pass along an estimated extra return of ~5% per year directly to the ETF share NAV value.
3️⃣ Cost: Management fee set at 0.75% per year.
An excellent bridge for institutional capital to strongly enter Web3 and AI!
*This post is not investment advice; do your own research and risk analysis. (DYOR)