Bitwise NEAR ETF reveals NRR ticker in SEC filing

Bitwise has disclosed NRR as the ticker for its proposed spot NEAR ETF in an amended filing with the US Securities and Exchange Commission. Summary Bitwise filed Amendment No. 3 to the registration statement for its proposed NEAR ETF. The fund would trade under the NRR ticker on NYSE Arca if approved. Bitwise intends to stake up to 100% of the trust’s NEAR holdings to earn additional income. NEAR rose about 4% to $1.73, while futures open interest climbed nearly 6%. Bitwise NEAR ETF discloses NRR ticker Bitwise submitted the third amendment to its Form S-1 registration statement on July 31, advancing its plan to offer a US-listed investment product backed by NEAR. The latest filing identifies NRR as the proposed ticker. Bitwise intends to list the shares on NYSE Arca, although the product cannot begin trading until the necessary registration and exchange approvals are completed. Bitwise Asset Management, the sponsor’s parent company, also provided $200 in seed capital. The investment covered eight shares priced at $25 each, according to the filing. The amendment does not disclose the fund’s management fee or any introductory fee waiver. Those details may be added in a later filing ...