Bitwise Asset Management has launched the Bitwise NEAR Staking Exchange-Traded Product (ETP) on Deutsche Börse Xetra. Traded under the ticker NEAR with ISIN DE000A4A5GV2, this ETP provides investors exposure to the NEAR Protocol native token and aims to deliver daily staking rewards alongside potential token appreciation.
The product is fully backed by the underlying NEAR tokens physically held in custody and was issued under German regulatory oversight. Trading on Deutsche Börse Xetra ensures investor access through a regulated marketplace, emphasizing transparency and robust asset protection.
NEAR Protocol is a layer-1 blockchain launched in 2020, designed for scalable, low-cost transactions to support applications including artificial intelligence (AI) computation and Web3 development. Bitwise highlights the protocol’s capabilities in facilitating AI-driven decentralized applications.
This ETP expands Bitwise’s European Total Return suite, following products like its Ethereum (ETH) Staking ETP. Plans for US availability remain pending regulatory developments. Bitwise’s collaboration with the NEAR Foundation aims to broaden regulated access to innovative blockchain technologies.