According to CoinMeta, Bitwise launched the first spot NEAR ETF ( NRR ) in the United States and began trading on NYSE Arca on September 29th, with a management fee of 0.75%. Bitwise will stake the NEAR tokens held by the fund, aiming to participate in an average staking reward of about 5%. The trading volume of the NEAR Intents protocol has exceeded $32 billion, and the market value of NEAR is over $6 billion, with the inflation rate recently halved to 2.5%.