NEAR Protocol Price Prediction After Bitwise Launches First Spot ETF

NEAR Protocol Price traded near $4.97 on September 29, down 4.62% over 24 hours. 

NEAR price gained more than 15% this week. The token held above $4.90 as Bitwise introduced the first U.S. spot exchange-traded product tracking NEAR. 

The broader crypto market rose 0.69% to $2.9 trillion during the same period. Bitcoin hovered around $84,000, Ether traded near $2,700, XRP stood above $1.50, and Solana price held above $120. That firmer backdrop offered some support, although NEAR still faced selling pressure around the $5.00 level. 

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Bitwise Launches First Spot ETF

Bitwise said its NEAR ETF began trading on NYSE Arca on September 29 under the ticker NRR. The product holds NEAR directly, giving shareholders exposure through a conventional brokerage account. Shares trade during regular exchange hours. Its annual management fee is 0.75%, according to the fund manager.

Bitwise also intends to stake the fund’s tokens through its own institutional team. The company cited a current network staking rate of approximately 5%, though actual rewards can change. Those rewards accrue to the fund’s value instead of providing shareholders with a fixed cash payment.

The Bitwise NEAR ETF ($NRR), the first spot $NEAR ETP in the US, is now trading on NYSE Arca.

It gives institutions straightforward access to the protocol powering universal markets, the privacy renaissance, and user-owned AI. https://t.co/qqraopVABm pic.twitter.com/IwiqcZqohh

— NEAR Protocol (@NEARProtocol) September 29, 2026

The launch extends Bitwise’s single-asset lineup beyond Bitcoin and Ether to several other crypto assets. Its existing products include funds tied to Solana, XRP, and Hyperliquid. Still, the listing alone does not establish how much fresh capital NRR will attract.

Bitwise has emphasized NEAR’s role in transactions involving artificial intelligence agents. The company said NEAR Intents has processed more than $32 billion in cumulative volume. That compares with less than $1 billion roughly one year earlier, according to Bitwise.

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NEAR Protocol Price Prediction: Will $5.00 Open a Move Toward $6.00?

A four-hour reading placed NEAR around $4.93, with its active candle up 0.35%. The smaller rebound followed a sharp September advance from roughly $2.00 to above $5.00. Traders now face a test of whether that earlier climb can hold after the latest pullback.

A sustained four-hour close above $5.00 would improve the case for another challenge of $5.30. Clearing that recent high could then bring the marked $6.00 target into view as per the future NEAR outlook.

The four-hour relative strength index stood at 51.57, close to neutral territory. Meanwhile, the MACD line remained below its signal line, and the histogram stayed negative. 

If NEAR Protocol Price cannot reclaim $5.00, attention shifts toward the recent $4.70 area. A break beneath that level could expose support around $4.50.