Bitwise's Game-Changing NEAR Staking ETP Hits Deutsche Börse's Xetra

Revolutionizing Crypto Investment with AI and Staking Rewards

Hold onto your hats, crypto fans! Bitwise just dropped a bombshell on the Deutsche Börse Xetra with their latest Exchange-Traded Product (ETP). This isn't just any ETP; it's your golden ticket to dive into the world of AI-powered blockchain NEAR while raking in those sweet staking benefits.

Bitwise didn't just wake up and decide to shake things up. No, they've been plotting this move, and now they've unleashed their first NEAR Staking ETP right on the Xetra platform. This move is all about drawing in both the big fish and the everyday investor looking to spice up their portfolios with some cutting-edge digital asset action.

Get ready to spot this beast with the ticker NEAR and ISIN DE000A4A5GV2. This NEAR Staking ETP is the real deal, fully backed and made in Germany, giving you not just exposure to crypto but also those juicy staking returns at a low cost. And guess what? It's designed to stack those daily staking yields for you!

This isn't Bitwise's first rodeo in Europe. They're on a roll, making this the fourth ETP to hit the scene as part of their European Total Return product suite. And let's not forget, they've already got a foothold with their Bitwise Ethereum (ETH) Staking ETP.

But hold up, there's a hiccup. Their Ethereum Staking ETP has been playing the waiting game for its U.S. debut, thanks to the SEC throwing a wrench in the plans with an extended review on July 1.

Here's the kicker for investors: the NEAR Staking ETP lets you cash in on those staking rewards without getting lost in the technical nitty-gritty. No need to juggle NEAR tokens or wrestle with third-party wallets or validators. It's all handled for you.

And there's more good news. This ETP comes with the perks of daily liquidity, trading on those slick, regulated stock exchanges without any lock-up periods or manual delegation headaches.

Plus, your NEAR tokens are chilling in cold storage, guarded by an institutional custodian. Sleep easy knowing your assets are in safe hands.

Bradley Duke, Bitwise's Head of Europe, couldn't contain his excitement about teaming up with NEAR, a blockchain that's all about bringing AI tech to the masses. "The Bitwise NEAR Staking ETP isn't just about riding the price waves of the NEAR token. It's about snagging those compounded staking returns in our top-notch ETP structure," Duke declared.

Now, let's talk about NEAR Protocol itself. This isn't just any blockchain; it's a layer1 powerhouse launched in 2020, designed to make AI and tech breakthroughs accessible and useful for everyone on the chain. They've cracked the code on common blockchain headaches with sharding tech, letting the network juggle tons of transactions at once.

This tech isn't just for show; it's solving real problems like snail-paced transactions and sky-high fees.

And for the developers out there, NEAR's got your back with customizable smart contracts that support multichain financial apps using top-notch crypto tools. No bridges or wrapped tokens needed. It's all about making things easier and more secure.