NEAR Surges on ETF Progress, but Trading Still Not Confirmed

The price of NEAR Protocol has surged by approximately 26% over the past week, reaching around $4.90-$5.00.

This increase is attributed to the progress made in the registration process for Bitwise's proposed NEAR ETF, which has cleared a significant regulatory hurdle.

The SEC declared the fund's registration statement effective on September 24th, while Bitwise filed Form 8-A to register the ETF's shares for exchange trading. The NYSE Arca also approved an application to list the Bitwise NEAR ETF with the proposed ticker symbol NRR.