The First NEAR Protocol Spot ETF Launched in the U.S.

Bitwise Asset Management has launched the first spot exchange-traded fund (ETF) based on the NEAR Protocol on the New York Stock Exchange. This fund allows traditional and institutional investors in the U.S. to gain exposure to NEAR price fluctuations without the need to directly hold private keys, all within a regulated framework. While exact figures for the initial capital inflow and assets under management have not yet been released, the launch of the NEAR spot ETF signifies Wall Street's investment flow into the practical layers of Web3. Technically, NEAR could grow to a range of $8 to $9.

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