Bitwise Launches NEAR ETF as Price Action Faces Resistance

Bitwise has launched a U.S. spot ETF for NEAR Protocol under the ticker NRR, which saw approximately $35.99 million in net inflows during its first session. While the listing initially boosted the price of NEAR to around $5.10, the token has since faced downward pressure after failing to sustain momentum above $5.57. The NRR fund intends to stake 100% of its held NEAR, potentially creating a long-term demand source, though the sustainability of this trend depends on continued ETF inflows.