Bitwise Launches NEAR Staking ETP on Deutsche Börse Xetra
Bitwise has introduced a new exchange-traded product (ETP) on Deutsche Börse Xetra. This ETP provides investors with exposure to the AI-based blockchain, NEAR, along with staking benefits.
The NEAR Staking ETP, marked with ticker NEAR; ISIN DE000A4A5GV2, is fully backed and issued in Germany. It aims to attract both institutional and retail investors looking to diversify their portfolios with digital assets. The product accumulates daily staking yields, offering exposure to crypto assets at a low cost.
This is the fourth Bitwise ETP to debut in Europe. It allows investors to earn staking rewards without managing technical details. Investors can bypass holding NEAR directly or using third-party wallets.
Key benefits include daily liquidity and no lock-up periods. The underlying NEAR tokens are stored securely in cold storage by an institutional custodian. The ETP trades on regulated stock exchanges, ensuring daily liquidity.
- Offers exposure to NEAR token price movements
- Accumulates daily staking yields
- Traded on regulated exchanges
Bradley Duke, Head of Europe at Bitwise, said, “Our ETP structure gives investors exposure to NEAR token price movements and compounded staking returns. It’s part of Bitwise’s European Total Return product suite.
NEAR Protocol, established in 2020, uses sharding technology to process many transactions simultaneously. It solves issues like slow transaction processing and high costs.
Developers can create multichain financial applications using NEAR’s customizable smart contracts. This eliminates the need for bridges or wrapped tokens.
For more details, visit Bitwise’s official website.
