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Bitwise NEAR ETF has attracted $60.2 million in funding just seven days after launch

2026-10-07 18:21:37
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The Bitwise NEAR ETF attracted US$60.2 million in just one week after its launch.

The cryptocurrency market experienced a wave of correction today, with the prices of Bitcoin (BTC), Ethereum (ETH) and other mainstream assets all falling. Despite downward pressure from the overall market, most assets still showed strong resilience and firmly held the price defense line. In this context, the market's attention is focused on the performance of the Bitwise NEAR ETF: the product has attracted as much as US$60.2 million in just a few days after its launch.

Previously, the ETF was approved for listing on the Arca section of the New York Stock Exchange with the trading symbol $NRR. This development is seen as a major positive sign for the popular altcoin NEAR Protocol. After the news was announced, many analysts were bullish, expecting its price to see a strong rise. Some opinions even predicted that it might hit a new high range of $155 to $562.

At present, the performance one week after launch confirms this optimistic expectation. Data shows that Bitwise's NRR ETF has attracted US$60.2 million in inflows within seven days of its launch, and the fund's holdings exceed 11.6 million NEAR tokens. This indicates that a large amount of capital is accelerating into the NEAR ecosystem in traditional investment channels. If the demand for such crypto asset ETFs continues to expand and is no longer limited to BTC and ETH, it is expected to become an important capital reservoir for all altcoins in the future.

Analysts discuss NEAR's subsequent price trend

Yesterday, some technical analysis experts dismantled the latest trend of NEAR. As prices break through the $5 mark, experts point to the next key target level of $5.19; if this position is not successfully recovered, the support level of $4.92 or even $4.81 may be retested. NEAR's current price is trading above $5, indicating that it has successfully passed initial backtests and is trying to hit a higher target again.

Another analyst pointed out that although NEAR is showing a breakthrough trend, he is looking forward to a moderate correction before the next round of sharp pull-ups to lay a solid foundation. If NEAR can stabilize at $5.50, he will adopt an extremely bullish strategy. At the same time, he believes that appropriate adjustments will make the market structure healthier. The key area to watch is the Fibonacci retracement in the "golden pocket" position near 0.618, around $3.69.

The US$3 to US$4 range has multiple technical resonance effects: including previous resistance levels, multi-year downtrend lines, and breakthrough/backtest areas. Although a price fall back to this point will not automatically negate the previous breakthrough pattern, a successful backtest will confirm the validity of the breakthrough. This move will help reset momentum, wash out high-leverage bulls, and transform old resistance into new support, laying a solid foundation for further expansion of NEAR. On this basis, the future upward roadmap will become clear and interesting. Potential targets include $5.50,$8 to $9 range, and may even challenge the all-time high of $39.

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