Bitwise Investment Advisers has filed for a Near Protocol ETF, ticker NRR, designed to hold NEAR directly and generate additional tokens through staking, with shares expected to list on NYSE Arca. The custodian is Coinbase Custody Trust Company, the NAV is based on the CME CF NEAR Protocol Dollar Reference Rate, New York Variant, and the annual management fee is 0.75% of NEAR holdings. Launched on September 29, the ETF attracted roughly $50 million in inflows during its first two trading sessions. Following the launch, NEAR climbed above $5.40, building on a September rally of nearly 180%, before profit-taking pushed the price back toward $4.65. The $4.50–$4.65 range is a key support area for buyers, with a sustained recovery above $5.00 opening the way toward $5.50 and then $6.00, while a break below $4.50 could expose the token to the $4.00 region.
Source: Read the original article
