Bitwise NEAR ETF Has Already Pulled in $60.2 Million Just 7 Days After Launching

• Bitwise NEAR ETF has already pulled in $60.2 million.
• The success is clear considering it was launched just 7 days ago.
• Can NEAR pull off a continued pump in prices? 

The crypto community woke up to see BTC, ETH, and other crypto market prices see a dip in prices today. Despite this drop, most assets are clinging on to maintaining their price margins well. At the moment, experts shine a light on how the Bitwise NEAR ETF has already pulled in $60.2 million just days after launching. What’s more, the NEAR price action during the latest dip shows resilience. 

Bitwise NEAR ETF Has Already Pulled in $60.2 Million 

About a week ago, the Bitcoin NEAR ETF got its green light to list on NYSE Arca under $NRR. This imminent launch was a clear bullish sign for the popular altcoin asset. As the news broke, most experts went on to share bullish price pump expectations for the altcoin, leading to some new ATH expectations as high as the $155 – $562 price ranges. Now, a week into the launch, the asset seems to be performing well.

As we can see from the post above, it is clear that Bitwise’s NRR ETF has already pulled in $60.2 million just seven days after launching. The fund is now holding more than 11.6 million NEAR tokens, marking a pretty serious amount of capital flowing into NEAR through a traditional investment product in its first week. If demand for these crypto ETFs continues expanding beyond BTC and ETH, it could become a much bigger source of capital for all altcoins.