NEAR Hits 21-Month High Following Spot ETF Launch

NEAR has surged 180% over the past month, reaching a 21-month high above $5.50 on September 30. The rally is primarily driven by the launch of the first spot NEAR ETF by Bitwise, which utilizes Coinbase Custody as its custodian. While analysts offer mixed outlooks—ranging from expectations of further gains to warnings of a potential correction—the market remains highly focused on the asset's performance in relation to Bitcoin's price action.