The post Bitwise NEAR ETF Launch and Bold Price Target appeared on BitcoinEthereumNews.com.
Wall Street just got a new way to bet on artificial intelligence through crypto. The Bitwise NEAR ETF began trading on NYSE Arca on September 29, 2026, under the ticker NRR, giving U.S. investors direct, regulated exposure to the NEAR Protocol blockchain — and alongside it, Bitwise dropped a forecast bold enough to turn heads: a possible $562.81 price target for the NEAR token by 2030. Key takeaways The Bitwise NEAR ETF (ticker NRR) started trading on NYSE Arca on September 29, 2026, with a 0.75% annual management fee. Bitwise’s 40-page research report, authored by CIO Matt Hougan and Head of European Research André Dragosch, projects NEAR could reach $562.81 by 2030 in an optimistic scenario, or fall to $1.63 if centralized AI companies dominate instead. The bullish case assumes NEAR captures 3% of the global AI agent market using a SaaS-style valuation with a 50x price-to-sales multiple. With 47 million active addresses, NEAR holds the second-highest ranking globally, while transaction volume through its NEAR Intents protocol has surged dramatically. Staking through the fund offers an annualized yield of around 5%, with rewards flowing into the ETF’s net asset value rather than paid out directly. Bitwise Launches NEAR ETF on NYSE Arca The launch of NRR marks the first U.S. spot exchange-traded product built specifically around NEAR, extending a lineup of regulated crypto funds that already covers Solana and XRP. According to Bitwise, the fund is designed to give investors spot exposure to what the firm calls blockchain infrastructure for the emerging AI economy, rather than a synthetic or derivatives-based product. Product Details and Fee Structure NRR holds NEAR tokens directly and charges an annual management fee of 0.75%. Because the fund buys and holds the underlying asset rather than tracking it through derivatives, sustained demand for new shares can…