The Bitwise NEAR ETF—listing approval is in
First, pin down the boundaries: on September 24, they filed Form 8-A. NYSE Arca approved the listing application, code NRR. The annual fee is about 0.75%. In the documents, they say they plan to keep the NEAR they hold as much as possible staked. The staking rewards are roughly 33% used to cover expenses. However, trading hasn’t opened yet. Getting approval to list doesn’t mean you can buy and sell immediately. Don’t treat the document progress as a “gate opened” bullish signal to chase.
What about the chart? Today’s high touched 5.211, and the current price is back around 4.83. It’s up more than 2 points, with about $250 million in trading volume. BTC is still grinding around 84,200. The narrative is hot, but spot has already rolled over from the daily high. Don’t chase the first spike.
If you’re holding long positions: on the rebound to the 5.15–5.21 area, you can trim some. If it pulls back to 4.70–4.90, digest it and hold. If it breaks below 4.70, admit the mistake and exit—don’t stubbornly hold on. Going forward, watch just one thing: the actual first trading day, and whether capital can support after the open.
$NEAR $BTC
First, pin down the boundaries: on September 24, they filed Form 8-A. NYSE Arca approved the listing application, code NRR. The annual fee is about 0.75%. In the documents, they say they plan to keep the NEAR they hold as much as possible staked. The staking rewards are roughly 33% used to cover expenses. However, trading hasn’t opened yet. Getting approval to list doesn’t mean you can buy and sell immediately. Don’t treat the document progress as a “gate opened” bullish signal to chase.
What about the chart? Today’s high touched 5.211, and the current price is back around 4.83. It’s up more than 2 points, with about $250 million in trading volume. BTC is still grinding around 84,200. The narrative is hot, but spot has already rolled over from the daily high. Don’t chase the first spike.
If you’re holding long positions: on the rebound to the 5.15–5.21 area, you can trim some. If it pulls back to 4.70–4.90, digest it and hold. If it breaks below 4.70, admit the mistake and exit—don’t stubbornly hold on. Going forward, watch just one thing: the actual first trading day, and whether capital can support after the open.
$NEAR $BTC