Bitwise Launches First US Spot NEAR ETF as Token Surges Over 160%

Bitwise has introduced the first US spot ETF tracking the NEAR Protocol token, which began trading on the NYSE Arca. This launch coincides with a significant rally in NEAR's price, which has surged more than 160% over the past month, according to CoinTelegraph.

The new ETF offers investors direct exposure to NEAR, a blockchain platform gaining traction for its scalability and developer-friendly ecosystem. The timing of the ETF debut reflects growing institutional interest amid the token's recent price momentum.

For Japanese investors, the Bitwise NEAR ETF's entry into the US market highlights expanding opportunities to access emerging crypto assets through regulated investment products, complementing Japan's progressive stance on digital asset trading and investment.