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Bitwise\'s NEAR spot ETF wins first U.S. listing approval, trading seen around Sept. 29

Bitwise’s spot exchange-traded fund tracking NEAR won approval for its first U.S. listing, clearing NYSE Arca listing approval and the SEC’s registration effectiveness, CoinPost reported. The ticker is NRR and trading is expected to start around Sept. 29. The fund stakes all NEAR it holds and charges a 0.75 percent annual fee, with about 33 percent of staking income deducted for costs. Coinbase Custody will hold tokens and BNY Mellon will handle cash and administration.