$NEAR is up 6.5% into the Asia open — its spot ETF began trading this week.
NEAR is +6.56% at $5.05 on $212M of 24h Binance volume, the biggest turnover of any alt that moved today (live Binance ticker). It closed last week as the top weekly gainer at +83.7%, from under $3 in early September.
Why: NYSE Arca cleared Bitwise's spot NEAR ETF (NRR) on Sept 24 and it opened for trading around Sept 29. The fund stakes the NEAR it holds and passes roughly 67% of staking rewards to holders.
The setup: the real trade is the queue behind it. Bitwise has an S-1 in for $SUI, and Canary amended a staked $INJ filing with the SEC. NEAR is the proof of concept. The level traders watch is whether it holds the $5 handle it reclaimed.
Korea and Japan — still holding NEAR into the ETF flow, or rotating into the next filing?
#Write2Earn #암호화폐 #알트코인 #仮想通貨 #山寨币
Not financial advice. DYOR.
NEAR is +6.56% at $5.05 on $212M of 24h Binance volume, the biggest turnover of any alt that moved today (live Binance ticker). It closed last week as the top weekly gainer at +83.7%, from under $3 in early September.
Why: NYSE Arca cleared Bitwise's spot NEAR ETF (NRR) on Sept 24 and it opened for trading around Sept 29. The fund stakes the NEAR it holds and passes roughly 67% of staking rewards to holders.
The setup: the real trade is the queue behind it. Bitwise has an S-1 in for $SUI, and Canary amended a staked $INJ filing with the SEC. NEAR is the proof of concept. The level traders watch is whether it holds the $5 handle it reclaimed.
Korea and Japan — still holding NEAR into the ETF flow, or rotating into the next filing?
#Write2Earn #암호화폐 #알트코인 #仮想通貨 #山寨币
Not financial advice. DYOR.
