Bitwise is preparing to launch a spot ETF on NEAR Protocol in the United States, named the Bitwise NEAR ETF, listed under the ticker NRR on NYSE Arca. The NEAR token is trading at around $4.90, with a 34% gain over seven days. In a report published last year, Bitwise estimated that the token could reach approximately $155 in its base case and up to $562 in its most optimistic scenario by 2030. This product, aimed at traditional and institutional investors, would allow them to gain exposure to NEAR without directly purchasing the cryptocurrency or managing a crypto wallet. Approval to list on NYSE Arca has been obtained, but the final SEC registration remains pending.
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