Near Price Soars as Bitwise ETF Gets Green Light and Projects $155 Target
Near Protocol's price surged to around $5.45 after Bitwise announced its ETF had cleared a major listing milestone and released a valuation report projecting a base-case price of $155 for 2030.
The NEAR token climbed about 48% in seven days, reaching its highest level in roughly a year. The report's authors assume significant network adoption to reach the extreme bullish scenario price of $562.
Bitwise's new ETF is designed to hold Near directly and seek additional returns through staking, with a 0.75% sponsor fee. It will trade on NYSE Arca under ticker NRR once it launches.
The weekly NEAR/USDT price chart shows a decisive breakout from a multi-year descending trendline, but some analysts caution that the token's immediate technical hurdle sits near $5.50-$5.75, with the next major test being around $6.