NYSE Arca

Monero came along for the ride at over $500, up 94% on the year.

Two days after that Zcash high, Grayscale converted its Zcash trust into what's being called the first US spot privacy coin ETF on NYSE ARCA, charging a 2.5% annual sponsor fee, which is roughly 10 times what you pay for the Bitcoin ETF.

And people are paying for it anyway.

Now, here's what's really important for the focus of today's video.

Big influential partner in the near ecosystem.

And Bitwise is now getting in with their near ETF NRR on the New York Stock Exchange ARCA.

And so this is the first U.S. spot near ETP, 75 basis point management fee, in-house staking targeting roughly 5% rewards that accrue to shareholders through NAV.

So we're going to get into it.

Near, big partner on the AI side for us.

But generally, I mean, the intense side, AI side, it feels like all of these are starting to converge and we're seeing this confluence of factors that is leading Near to aggressively reprice You know, Sal, you've been in the game for a while.

This most recent announcement from Bitwise NRR on the New York Stock Exchange, ARCA.

You know, Matt, I take it you guys have been kind of eyeing this and strategically looking for how to get into this ecosystem.