NEAR Price Rally Meets Bitwise ETF Listing, Is $5 Next?
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Cryptocurrency News | Cryptocurrency Prices | Market CapNEAR price rally meets Bitwise ETF listing, is $5 next?
NEAR trades near $4.96 after NYSE Arca approved Bitwise’s NRR listing, while staking plans and stretched momentum shape the next move.
According to ChainCatcher, the latest filings with the U.S. Securities and Exchange Commission (SEC) show that Bitwise has applied to list the NEAR Protocol ETF on the NYSE Arca, planning to trade under the ticker symbol "NRR" to provide investors with exposure to NEAR (NEAR).
NYSE Arca approved the quote of the Bitwise NEAR ETF under the NRR symbol, a step that approaches the launch of the fund and coincides with a sharp rise of the token. The proposal contemplates a commission of 0.75% and stacking of all the NEARs of the trust, although there are still pending procedures before the product begins to operate.
Bitwise NEAR ETF Cleared to List on NYSE Arca Under NRR
The post Bitwise NEAR ETF Cleared to List on NYSE Arca Under NRR appeared first on Coinpedia Fintech News Bitwise’s NEAR ETF has been cleared to list and trade on NYSE Arca under the ticker NRR, with its S-1 registration effective under Section 12(b) of the Exchange Act. The ETF will provide exposure to NEAR and plans to stake 100% of its holdings, with a 0.75% management fee. The launch is expected next week, …
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