🚨 BITWISE 📈 NEAR ETP asset surpasses $100 million: institutional demand or price surge 🧠

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- Bitwise’s NEAR index-based product (ETP) has surpassed $100 million in assets under management.
- The latest holdings data shows that the token price increase is the main driver of the AUM growth.
- Inflows of new capital are limited; the increase is mainly due to the rise in the market value of existing holdings.
- This news was first published by BeInCrypto, with market sentiment leaning bullish. 🔥

- If institutions continue to be optimistic about NEAR, more capital may flow in, further expanding the AUM.
- If the price continues rising, it could attract more institutional participation, forming a positive feedback loop.
- Recently, large whales have accumulated buys; it’s expected that the price will continue to trend upward with volatility in the short term.
- If a pullback occurs in the short term, liquidity may still remain sufficient to support the price floor.

- Do you think NEAR’s future performance will depend more on institutional positioning or price momentum? Share your thoughts in the comments.

- Keep following our in-depth analysis and let us know your views.

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