CryptoMedium•28 September 2026•
1 min read
NEAR Token Hits Yearly High as Bitwise Advances Spot ETF Launch
Key Facts
1NEAR price climbed to approximately $5.45, its highest level in nearly a year, gaining about 48% in seven days.
2Bitwise is advancing its spot NEAR ETF toward launch and unveiled a long-term valuation model for the token.
The NEAR token price climbed to approximately $5.45, reaching its highest level in nearly a year following a 48% gain over seven days. Coinpedia reported that the rally coincided with Bitwise advancing its spot NEAR ETF toward launch and unveiling a long-term valuation model that projects a $155 base-case price target for the asset.
The digital asset experienced significant momentum as it cleared previous resistance zones, with NEAR trading at elevated levels on September 28, 2026. Bitwise has filed to list the ETF on NYSE Arca under the ticker NRR, with the fund's prospectus outlining a 0.75% sponsor fee and a primary objective of providing direct exposure to the value of NEAR tokens held by the trust.