NEAR ETF Potentially Approved? Here's the Latest on Bitwise and NEAR Protocol

News of NEAR ETF is entering its concrete stages. Documents show that the Bitwise NEAR ETF listing application has been approved by NYSE Arca, with the S-1 registration effective September 24, 2026.

So, the discussion has gone beyond the initial proposal speculation.

However, the listing agreement differs from the certainty of the trading date and the amount of funds that will be received.

Here's the NEAR crypto update as of September 28, 2026, including an explanation of the NRR ticker, token price, and context of the valuation target.

Key Takeaways

• NYSE Arca has approved the listing application of Bitwise NEAR ETF.
• S-1 registration effective September 24, 2026; trading date requires separate confirmation.
• The US155–US562 target is a long-term scenario, not a price certainty after the ETF launch.

NEAR ETF Approval: What's Confirmed?

Form 8-A dated September 24, 2026 states that the application for listing of Bitwise NEAR ETF shares has been submitted and approved by NYSE Arca.

This document serves as a basis for examining the claims circulating through Crypto Rover posts.

SEC filings noteNotice of Effectivenesswith an effective date of September 24, 2026.

That day, Bitwise filed a 424B3 prospectus with registration number 333-286995.

That is, the termNEAR ETF approvalneed to be used specifically: stock exchange listing approval and the effectiveness of registration has been documented.

Neither means that the regulator guarantees the quality of the investment or the potential for profit.

The first trading date of NRR has not been verified from sources checked for this article.

Therefore, claims that a product is actively traded need to be supported by a launch announcement or stock exchange transaction records.

Read Also:Blockchain Without Bridges? Understanding Chain Signatures Near Protocol

How Does Bitwise's NEAR ETF Provide Exposure?

The prospectus mentions the ticker NRR for products planned to be listed on NYSE Arca. 

The primary objective is to provide exposure to the NEAR value held by the trust, after accounting for expenses and liabilities.

The additional goal is to earn NEAR through staking.

Coinbase Custody Trust Company was appointed as the custodian, while the sponsor's management fee was0.75% per year.

Buyers of ETF shares acquire an interest in the trust, not tokens that go directly into a wallet.

This distinction helps explain the term NEAR exchange traded funds for readers accustomed to buying near coins in the crypto market.

The ETF structure adds access through a brokerage account. This access remains dependent on jurisdiction, broker support, and product terms.

Read Also:How to Buy NEAR Protocol (NEAR) | NEAR to IDR

NEAR Coin Price Rises as ETF News Spreads

On the CoinMarketCap snapshot accessed 28 September 2026, the price of NEAR Protocol is recorded at aroundUS$5,10, go on 2.9% in 24 hours. 

Its market capitalization is around US$6.68 billion, while the 24-hour trading volume reached aroundUS$1.30 billion.

The snapshot also recorded a 2.88% increase in market cap and a 1.15% increase in trading volume.

The daily price range of NEAR is betweenUS$4.79 and US$5.48.

This price data is a snapshot at a specific point in time and may change depending on market conditions.

NEAR once reached an all-time high ofUS$20.42 on January 17, 2022. 

In the latest snapshot, the NEAR price is still around 73.26% below the highest level. 

Meanwhile, the all-time low price was recorded at aroundUS$0.526 on November 4, 2020.

The NEAR price movement of 2.9% in 24 hours is not enough to prove that the entire increase is due to the development of the ETF.

Market demand, Bitcoin conditions, liquidity, investor sentiment, and derivatives activity can also influence prices.

NEAR trading volume is also not the same as ETF inflows.

To assess demand for NRR after launch, more relevant indicators are share creation, net fund flows, and assets under management.

Don't miss AI coin price updates like Bittensor (TAO), Venice Token (VVV), NEAR Protocol (NEAR), And Internet Computer (ICP)by Bittime.

Reading Targets NEAR US$ 1.55 and US$ 5.62 Correctly

Sumber: X/@CryptoRover

Crypto Rover's post links the ETF news to underlying targets US$155 and bullish scenario US$562. 

CoinMarketCap reports place the projections in horizon 2030, while mentioning a bearish scenario of US$163.

Although the NEAR price in the latest snapshot is around US$ 510 and relatively close to the bullish target of US$ 562, this condition does not mean that the target has been validated or automatically achieved.

These projections remain subject to market assumptions and long-term developments.

The wide target range indicates a high degree of dependence on assumptions regarding network adoption, ecosystem growth, crypto market conditions, and the success of ETF-related products.

Therefore, the figure cannot be treated as a definite price achieved after the NRR recording.

Bitwise's official research page links NEAR Protocol's thesis to artificial intelligence infrastructure, autonomous agents, and cross-network activity.

NEAR's valuation depends on the successful adoption of the technology and the network's ability to generate sustainable economic value.

The evidence examined is insufficient to confirm the claim that Bitwise has just raised its target. The statement "raised its target" requires comparison with previous projections.

Therefore, this information is more accurately described as a reported valuation scenario, rather than a confirmed target revision.

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What Developments Need to Be Monitored Next?

After the listing and registration stages, attention shifts to the initial trading announcement, NRR liquidity, and actual demand. Product performance also needs to be compared with changes in the NEAR value after fees.

On the network side, application and service usage becomes an important context for token demand.

The presence of ETFs expands the means of exposure, but does not replace the need to assess the economic activity of the protocol.

To follow the development of crypto assets, register on Bittime and learn about the available product information and risks. Registration does not grant access to NRR ETF shares.

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FAQ

Has NEAR ETF been approved?

NYSE Arca has approved the listing application. The S-1 registration will also be effective on September 24, 2026.

Apa ticker NEAR ETF Bitwise?

The prospectus lists the NRR for the Bitwise NEAR ETF on NYSE Arca.

Has NRR started trading?

The initial trading date has not been verified from the sources checked in this article.

Will NEAR reach US$155?

These figures are the 2030 scenarios reported by the media, not guarantees or targets immediately after launch.

What is the difference between NEAR coin and NEAR ETF?

NEAR coin is a network token, while ETFs provide exposure through trust shares with their own fees and mechanisms.