NEAR Protocol Surges 8% as Bitwise Launches New Staking ETP

NEAR Protocol Surges 8% as Bitwise Launches New Staking ETP

AI-focused NEAR token rose by 7.6% on Wednesday following an announcement from fund manager Bitwise on a NEAR staking exchange-traded product (ETP).NEAR climbed from $2.09 to $2.13 between July 1-2, with a decisive breakout reaching $2.18 on high trading volume. This performance comes on the back of the announcement that could spur institutional interest in NEAR.Technical analysisNEAR-USD exhibited a remarkable bullish reversal during the 24-hou…

NEAR Protocol Rebounds By Double Digits, Vote For Its Token Inflation Reduction Goes Live

NEAR Protocol surged to a $2.36 high today as voting for a proposal to reduce inflation in its supply is underway. The event coincided with Bitwise’s NEAR staking ETP launch at Xetra. NEAR Protocol (NEAR) experienced a significant recovery of around 17% from a $2.02 low and a $2.36 high within the week as significant developments hit its ecosystem. One is an incoming vote for cutting down its token inflation by half, and the other is the launch …

Near Protocol flaunts bullish structure after Bitwise Europe launches NEAR staking ETP

Near Protocol (NEAR), a high-performance Artificial Intelligence (AI) native protocol built to support decentralized applications and intelligent agents, shows bullish signals bolstered by positive sentiment across the cryptocurrency market on Thursday.

Bitwise Launches NEAR Staking ETP with 5.5% Yield - Crypto News Flash

Bitwise launched a NEAR Staking ETP on Xetra with integrated staking and institutional-grade cold custody. The ETP offers a 5.5% net staking yield annually, without lock-up and with daily liquidity. Bitwise has officially launched its NEAR Staking ETP product on the Deutsche Börse Xetra exchange. This product not only contains NEAR tokens, but also offers the opportunity to earn staking returns of up to 5.5% per year—net of fees. For European in…

Bitwise NEAR Staking ETP makes Xetra debut today

Bitwise has launched a new exchange-traded product on the Deutsche Börse Xetra. The ETP offers investors exposure to AI-based blockchain NEAR with staking benefits. According to a press release sent to crypto.news, the crypto asset manager has launched its first…