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Bitwise launches first U.S. NEAR ETF, expanding crypto investment beyond Bitcoin and Ethereum.

Market News
29 Oct 2026, 14:01 WIB
Crypto Reporter
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Bullish
Bitwise launches first U.S. NEAR ETF, expanding crypto investment beyond Bitcoin and Ethereum.

Bitwise introduced the first U.S. spot exchange-traded product (ETF) focused on the altcoin NEAR, trading under ticker NRR on NYSE Arca. This ETF allows investors to gain exposure to NEAR through traditional brokerage accounts without directly buying or storing the token. The product also incorporates staking, where the fund stakes its NEAR holdings to generate rewards reflected in the fund's value. This launch marks a broader trend of crypto investment products expanding beyond Bitcoin and Ethereum to include individual altcoins and specialized strategies, offering investors more diverse ways to access digital assets. The market is evolving with more targeted products, but direct crypto ownership remains important for users needing to transfer or use tokens.

The new NEAR ETF and the expansion of altcoin investment products provide context for crypto market activity. For readers following cryptocurrency trends, here is Pluang's market snapshot as of Oct 29, 2026 17:53 WIB: out of 50 major cryptocurrencies priced on Pluang, 7 rose and 42 fell today. Notable moves include CAKE (PancakeSwap) at Rp37.183 with a -3.31% change, MANA (Decentraland) at Rp1.393 with a -3.26% change, and COTI (COTI) at Rp186 with a -3.03% change. Typical hold times range from 75 to 157 days, with varying buy/sell order activity ratios.

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