#bitwise提交near现货etf最终招股书
The NEAR spot ETF hasn’t officially started trading yet, but the coin price has already jumped 26% in two days: NEAR surged to a one-year high, leaving Bitcoin in the dust.
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Bitwise’s NEAR spot ETF (ticker: NRR) has already obtained approval to be listed and traded on NYSE Arca, and the final registration statement (424B3) has also been posted on the SEC website. On social media, Bitwise only posted one line: “The future is near. 09/29/2026,” hinting that trading could begin as early as September 29. The same day the news broke, NEAR was lifted straight out of the pullback: up 17% on the day, another 9% over the next 24 hours, and roughly 26% cumulatively over two days—setting a one-year high. At the same time, Bitcoin rose by less than 1% over 24 hours.
What’s driving the gains isn’t only the ETF. The amount locked in Near Intents in the ecosystem has just refreshed to a new high of $249 million. Since February of this year, the protocol has used all of its revenue to conduct buybacks of NEAR in the open market—effectively pulling the circulating supply back every day. On top of that, the underlying protocol burns 70% of gas fees. And then there’s the custody setup: the ETF’s custodian is a U.S.-listed exchange, which in its terms will take NEAR to stake it, with roughly 67% of the staking rewards going to the custodian. So you get three pressures tightening at once: fresh money coming in while supply gets squeezed.
But the real question worth pondering is how big the disagreement is. In the prospectus Bitwise itself filed, the benchmark price for NEAR by 2030 is $155, with a bullish scenario of $562; the worst-case scenario is only $1.63. In the same document, the range differs by a factor of 344. And the reality right now is: NEAR’s current price is around $5.44. It gets pushed back once it hits $5.21; in the spot order book, about 760,000 coins were sold off, and the RSI also slipped from 66 down to 61.
My take: after SOL and Dogecoin, this batch of altcoin ETFs is really selling expectations of “the next asset to be added to mainstream portfolios.” Money comes first, and the product goes live later. That’s why this kind of momentum often arrives fast and also tends to be choppy and repeatable. What truly determines whether it can go the distance is whether there are sustained subscriptions after it lists—not just the approval.
Chat in the comments: Do you think this NEAR move is a real turnaround brought by the ETF, or is it once again “buy the expectation, sell the fact”? Do you still have any altcoins?
Click the profile picture to watch the live stream.
Every day, I’ll help you track the biggest crypto headlines and—more than just what happened—show you the logic and the opportunities behind it 👀🚀
The NEAR spot ETF hasn’t officially started trading yet, but the coin price has already jumped 26% in two days: NEAR surged to a one-year high, leaving Bitcoin in the dust.
🔄 加入行情讨论群
Bitwise’s NEAR spot ETF (ticker: NRR) has already obtained approval to be listed and traded on NYSE Arca, and the final registration statement (424B3) has also been posted on the SEC website. On social media, Bitwise only posted one line: “The future is near. 09/29/2026,” hinting that trading could begin as early as September 29. The same day the news broke, NEAR was lifted straight out of the pullback: up 17% on the day, another 9% over the next 24 hours, and roughly 26% cumulatively over two days—setting a one-year high. At the same time, Bitcoin rose by less than 1% over 24 hours.
What’s driving the gains isn’t only the ETF. The amount locked in Near Intents in the ecosystem has just refreshed to a new high of $249 million. Since February of this year, the protocol has used all of its revenue to conduct buybacks of NEAR in the open market—effectively pulling the circulating supply back every day. On top of that, the underlying protocol burns 70% of gas fees. And then there’s the custody setup: the ETF’s custodian is a U.S.-listed exchange, which in its terms will take NEAR to stake it, with roughly 67% of the staking rewards going to the custodian. So you get three pressures tightening at once: fresh money coming in while supply gets squeezed.
But the real question worth pondering is how big the disagreement is. In the prospectus Bitwise itself filed, the benchmark price for NEAR by 2030 is $155, with a bullish scenario of $562; the worst-case scenario is only $1.63. In the same document, the range differs by a factor of 344. And the reality right now is: NEAR’s current price is around $5.44. It gets pushed back once it hits $5.21; in the spot order book, about 760,000 coins were sold off, and the RSI also slipped from 66 down to 61.
My take: after SOL and Dogecoin, this batch of altcoin ETFs is really selling expectations of “the next asset to be added to mainstream portfolios.” Money comes first, and the product goes live later. That’s why this kind of momentum often arrives fast and also tends to be choppy and repeatable. What truly determines whether it can go the distance is whether there are sustained subscriptions after it lists—not just the approval.
Chat in the comments: Do you think this NEAR move is a real turnaround brought by the ETF, or is it once again “buy the expectation, sell the fact”? Do you still have any altcoins?
Click the profile picture to watch the live stream.
Every day, I’ll help you track the biggest crypto headlines and—more than just what happened—show you the logic and the opportunities behind it 👀🚀
