WILL BITWISE NRR ETF SPARK A MASSIVE NEAR RALLY? 🏛️📈
Bitwise launched NRR on NYSE Arca, making it the first regulated spot $NEAR fund in the United States. The trust holds spot tokens, stakes them in-house for roughly 5% yield, and charges a 0.75% fee. 💼💰
Many assume high stock trading volume automatically buys tokens on crypto exchanges. But secondary trading between stock investors buys zero spot crypto: 📉🔄
🔹 Cash creations force the trust to buy spot tokens.
🔸 In-kind creations only transfer existing tokens from market makers.
🔹 Normal daily stock trading between investors buys zero new crypto.
A similar pattern played out during the Grayscale Zcash cycle: $ZEC pulled back as early profit takers exited, but later rallied as broader demand took over. 🔄🔥
Bitwise also projected a base case price of $155 for NEAR in a 39-page report, betting that millions of autonomous AI agents will use NEAR as their primary payment and micropayment rail. 🤖🎯
Do you expect NEAR to follow Zcash or struggle to find spot buyers? 👇
#NEAR #Crypto #ETF #Bitwise #Altcoins
Bitwise launched NRR on NYSE Arca, making it the first regulated spot $NEAR fund in the United States. The trust holds spot tokens, stakes them in-house for roughly 5% yield, and charges a 0.75% fee. 💼💰
Many assume high stock trading volume automatically buys tokens on crypto exchanges. But secondary trading between stock investors buys zero spot crypto: 📉🔄
🔹 Cash creations force the trust to buy spot tokens.
🔸 In-kind creations only transfer existing tokens from market makers.
🔹 Normal daily stock trading between investors buys zero new crypto.
A similar pattern played out during the Grayscale Zcash cycle: $ZEC pulled back as early profit takers exited, but later rallied as broader demand took over. 🔄🔥
Bitwise also projected a base case price of $155 for NEAR in a 39-page report, betting that millions of autonomous AI agents will use NEAR as their primary payment and micropayment rail. 🤖🎯
Do you expect NEAR to follow Zcash or struggle to find spot buyers? 👇
#NEAR #Crypto #ETF #Bitwise #Altcoins
