Bitwise Launches First US Spot Near ETF Amid Token's Price Surge

Bitwise has launched its first US spot Near ETF, following the token's recent surge in price. The move is seen as a significant development in the cryptocurrency market, as it allows institutional investors to gain exposure to Near Protocol without having to buy and hold the underlying asset.

The launch of the Bitwise Near ETF comes after the token experienced a significant increase in value over the past few weeks, with its price rising by more than 100%.

Near Protocol is a decentralized application platform that allows developers to build scalable and secure applications on top of it. The protocol has gained popularity among developers and investors alike due to its high scalability and low transaction fees.