Near Protocol surges 26% as Bitwise ETF clears NYSE Arca hurdle – Details

Near Protocol [NEAR] bounced off nicely from its one-day correction with a 17% surge in a single day. The continuation, which has seen NEAR gain another 9% in the past 24 hours, was fueled by both fundamentals and network activity.

NEAR has been tipped to be among the selective altcoin runners for this cycle, as analyzed earlier. A Bitwise NEAR ETF approval and a surge in revenue and TVL of Near Intents have played a key role in this rebound.

Bitwise NEAR ETF secures approval to list and trade

As per a recent SEC filing, Bitwise NEAR ETF (the Trust) received approval to list and trade on NYSE Arca under the ticker NRR. Coinbase will be the custodian, with the Trust staking its NEAR and keeping about 67% of the rewards.

However, the SEC has yet to approve or disapprove its effectiveness. Still, Bitwise teased a potential start to trading of the product on X, with a post reading,

The future is near. 09/29/2026

The post suggests that trading of the ETF is just a matter of time. Following Bitwise’s final prospectus, the filing targeted a base price of $155 by 2030 with a max case of $562. On the flip side, $1.63 was their bear case.

Meanwhile, on the network side, Near Intents continued to do the heavy lifting of the ecosystem. Since their launch, TVL has grown continuously, now at a new high of $249 million.