Bitwise Launches First US Spot NEAR ETF Amid Token Surge
- Bitwise has launched the first US spot exchange-traded product tracking NEAR, trading under the ticker NRR.
- The Bitwise NEAR ETF carries a management fee of 0.75% and will hold NEAR directly.
- NEAR’s transaction volume on its Intents protocol surged to over $32 billion, up from less than $1 billion a year ago.
- The NEAR token has increased by approximately 167% in the past month, trading around $4.94.
- BlackRock noted that AI agents could drive demand for stablecoins and tokenized assets as machine-to-machine transactions rise.
The launch of the Bitwise NEAR ETF reflects growing interest in tokens like NEAR, especially with its recent price rally and increased transaction activity through cross-chain protocols like Intents.
As of now, the NEAR token is up about 81% over the past year, highlighting its significant market momentum following the ETF launch.
