Bitwise NEAR ETF Surges Past $52M Amid Regulatory Delays

The Bitwise NEAR ETF has gained significant traction in just two days, topping $52.8 million in net assets.

This surge comes on the heels of several developments in the crypto and regulatory landscape. The US Senate stalled the Clarity Act's legislative progress on September 15 after failing to reach the necessary 60 votes, which Bitwise CIO Matt Hougan attributed to a setback that accelerated the pace of cryptocurrency regulations.

Hougan also emphasized that advisors value XRP for its longevity and understandable financial use cases rather than price appreciation alone.