Completely stunned! Bitwise’s $NEAR ETF just cleared the listing approval, and the contract volume instantly exploded.
Binance NEARUSDT is currently around 4.94, up about +5.8% in the past 24h. Trading volume is about 1.04 billion USDT across nearly 2.89 million trades. Open price 4.67, high 5.22, low 4.43. Open interest is about 54 million NEAR, roughly 267 million USDT, and the funding rate is around +0.01%. Market cap is about $6.5 billion, ranking around 25.
On 9/25, CoinGape and TokenPost: Bitwise NEAR ETF was approved to be listed and traded on NYSE Arca under ticker NRR. It plans to stake 100% of its holdings, with a management fee of 0.75%.
My take: This move is the “institutional channel” narrative colliding with an explosive-volume chart. After the peak, the price pulled back, yet trading volume is still holding—meaning someone is still stepping in. But the 24h gain has already narrowed; don’t fully “sell the whole story” of the listing expectation all at once.
Binance NEARUSDT is currently around 4.94, up about +5.8% in the past 24h. Trading volume is about 1.04 billion USDT across nearly 2.89 million trades. Open price 4.67, high 5.22, low 4.43. Open interest is about 54 million NEAR, roughly 267 million USDT, and the funding rate is around +0.01%. Market cap is about $6.5 billion, ranking around 25.
On 9/25, CoinGape and TokenPost: Bitwise NEAR ETF was approved to be listed and traded on NYSE Arca under ticker NRR. It plans to stake 100% of its holdings, with a management fee of 0.75%.
My take: This move is the “institutional channel” narrative colliding with an explosive-volume chart. After the peak, the price pulled back, yet trading volume is still holding—meaning someone is still stepping in. But the 24h gain has already narrowed; don’t fully “sell the whole story” of the listing expectation all at once.
