Bitwise Debuts NEAR ETF with Bold $562.81 Price Target

On September 29, 2026, Bitwise launched its NEAR ETF (ticker NRR) on NYSE Arca, giving U.S. investors regulated exposure to the NEAR Protocol blockchain.

The fund holds NEAR tokens directly and charges an annual management fee of 0.75%.

Bitwise's research report projects a possible $562.81 price target for the NEAR token by 2030 in an optimistic scenario, based on the assumption that NEAR captures 3% of the global AI agent market using a SaaS-style valuation with a 50x price-to-sales multiple.

In a bearish scenario, if centralized AI companies dominate instead, the report puts NEAR's token at just $1.63.