$NEAR ETF Surpasses $52 Million in Assets After Two Trading Days
The Bitwise $NEAR ETF (NRR) has made a strong debut on the NYSE Arca, exceeding expectations in its first two trading days. According to Matt Hougan, the company's chief investment officer, the fund has surpassed $52.8 million in assets under management after just two days, up from $36 million on its debut day.
The ETF recorded net inflows of $13.2 million on its second day and total trading volume reached $20.1 million. Hougan described the launch as a 'strong launch', and Bitwise's new fund has successfully filled an open premium niche at the intersection of Web3 and generative artificial intelligence.
The launch coincided with a strong local uptrend in $NEAR, which nearly tripled in price from its August lows to settle around $4.99 in September. The network firmly holds second place globally by the number of active addresses (47 million), driven by the development of fast cross-chain transactions through $NEAR Intents.