Bitwise Launches NEAR Staking ETP on Deutsche Börse Xetra
Bitwise has introduced a new exchange-traded product on Deutsche Börse xetra. This ETP provides investors with exposure to the AI-driven blockchain,NEAR,along with staking benefits.
The NEAR Staking ETP, marked with ticker NEAR and 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 benefit from staking rewards without managing technical details. The ETP trades on regulated stock exchanges, ensuring daily liquidity and no lock-up periods.
Bradley Duke, Head of Europe at Bitwise, said, “Our NEAR Staking ETP gives exposure to NEAR token price movements and staking rewards, all within a top-tier ETP structure.”
NEAR Protocol, established in 2020, uses sharding technology to process many transactions at once, solving issues like slow processing and high costs. It also supports customizable smart contracts for multichain applications.
For more details, visit the Bitwise website.
