The big coin stall is getting too crowded to push through, so Bitwise turned its attention to NEAR and took a spot there.
The issuer has started picking up second-tier coins, no longer just squeezing those few big coins. Bitwise rolled out its first NEAR spot ETF. I checked Binance prices on the spot—NEAR is now $4.98. Bitwise isn’t some fly-by-night operation; it’s a long-established issuer that’s been in the game for years. This time, it’s directly positioning for the next tier down. My take is simple: the venues for big coin ETFs are already packed to the limit. Issuers have to come out and find new stories, and NEAR just happens to be ready to catch the rain.
Over on the other side, the developments are also interesting. A cafe in Missouri, USA, started accepting BTC, and then more than 40 nearby merchants followed suit. On one end, institutions are lining up on the application side to issue ETFs. On the other end, real people in brick-and-mortar locations are starting to take in coins. This isn’t a contradiction—capital is just changing locations: the upper layer is locked down by institutions, the lower layer is testing the waters in real life, and the middle layer’s altcoins are exactly the gaps where new money is most willing to squeeze in.
Retail sentiment, on the other hand, isn’t great. This month, US consumer confidence data has taken a nosedive. I also looked at ADA: current price is $0.25, and the price hasn’t reflected the buzz coming from the institutional side at all. When sentiment is at a low point and issuance is at a high point, this divergence is both an opportunity and a risk—if the ETF narrative doesn’t pan out, these second-tier coins are likely to be the ones that retreat the fastest.
Am I right? We’ll have an answer within two weeks. After the listing hype fades, can NEAR hold above $5? I’ll be watching—once the crowd ebbs, only the real cash on hand at the counters remains as hard proof. As for how long I can keep an eye on this place? Longer than the day I saw a certain little dog from Ma (Elon) go viral—I saw it for even longer than that. The atmosphere has been heating up bit by bit, and if it keeps rising, there’s no need to worry about whether anyone will sit at the table.
🐶 Let’s take a look at Ma’s little dog ✨🚀
The issuer has started picking up second-tier coins, no longer just squeezing those few big coins. Bitwise rolled out its first NEAR spot ETF. I checked Binance prices on the spot—NEAR is now $4.98. Bitwise isn’t some fly-by-night operation; it’s a long-established issuer that’s been in the game for years. This time, it’s directly positioning for the next tier down. My take is simple: the venues for big coin ETFs are already packed to the limit. Issuers have to come out and find new stories, and NEAR just happens to be ready to catch the rain.
Over on the other side, the developments are also interesting. A cafe in Missouri, USA, started accepting BTC, and then more than 40 nearby merchants followed suit. On one end, institutions are lining up on the application side to issue ETFs. On the other end, real people in brick-and-mortar locations are starting to take in coins. This isn’t a contradiction—capital is just changing locations: the upper layer is locked down by institutions, the lower layer is testing the waters in real life, and the middle layer’s altcoins are exactly the gaps where new money is most willing to squeeze in.
Retail sentiment, on the other hand, isn’t great. This month, US consumer confidence data has taken a nosedive. I also looked at ADA: current price is $0.25, and the price hasn’t reflected the buzz coming from the institutional side at all. When sentiment is at a low point and issuance is at a high point, this divergence is both an opportunity and a risk—if the ETF narrative doesn’t pan out, these second-tier coins are likely to be the ones that retreat the fastest.
Am I right? We’ll have an answer within two weeks. After the listing hype fades, can NEAR hold above $5? I’ll be watching—once the crowd ebbs, only the real cash on hand at the counters remains as hard proof. As for how long I can keep an eye on this place? Longer than the day I saw a certain little dog from Ma (Elon) go viral—I saw it for even longer than that. The atmosphere has been heating up bit by bit, and if it keeps rising, there’s no need to worry about whether anyone will sit at the table.
🐶 Let’s take a look at Ma’s little dog ✨🚀
