Near Protocol's NEAR Token Surges on NYSE Arca Approval

Near Protocol's NEAR token has surged by 10.38% after the NYSE Arca approved the listing of the Bitwise NEAR ETF.

The approval, which includes SEC registration, makes NEAR tokens accessible to traditional brokerage investors through a registered product.

As a result, market interest in the Near Protocol ecosystem has increased, with the token trading well above its major moving averages and showing strong bullish momentum.

The ETF will hold NEAR tokens with Coinbase Custody and stake 100% of its holdings, drawing more institutional demand to the protocol.