Bitwise NEAR Staking ETP makes Xetra debut today
2025-07-02 08:16:20
Main Idea
Bitwise has launched a NEAR Staking ETP on Deutsche Börse's Xetra platform, providing investors with exposure to NEAR Protocol's staking rewards without direct token ownership.
Key Points
1. Bitwise's NEAR Staking ETP (ticker NEAR; ISIN DE000A4A5GV2) is fully backed and issued in Germany, offering daily staking yield accumulation.
2. The ETP allows investors to gain exposure to NEAR's price movements and staking rewards without holding the token directly or using third-party services.
3. NEAR Protocol is a layer-1 blockchain designed to address slow transaction processing and high costs, with customizable smart contracts.
4. This marks Bitwise's fourth ETP on Xetra, though its Ethereum Staking ETP faces delays in the U.S. due to SEC review extensions.
5. Bitwise's Head of Europe, Bradley Duke, highlighted the ETP's structure as providing compounded returns from staking rewards.
Description
Bitwise has launched a new exchange-traded product on the Deutsche Börse Xetra. The ETP offers investors exposure to AI-based blockchain NEAR with staking benefits. According to a press release sent to crypto.news, the crypto asset manager has launched its first NEAR Staking ETP on Deutsche Börse’s Xetra platform. The product is meant to attract both institutional and retail investors who are looking to diversify their portfolios by investing in products grounded in digital assets. Marked with t...
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