NEAR Hits 21-Month Peak After Bitwise Launches First Spot ETF
- —NEAR is up 180% over the past month and 7% on the day, surpassing $5.50
- —Bitwise launched the first spot NEAR ETF under the ticker NRR
- —Coinbase Custody serves as custodian for the new ETF
- —NEAR's RSI has climbed above 70, signaling overbought conditions
Why it matters: The spot ETF opens institutional access to NEAR, but overbought conditions raise the risk of a correction.
Source: CryptoPotato