NEAR Rallies 183% in September on Spot ETF Launch and AI Narrative
- —NEAR rose from ~$1.80 to above $5, gaining 183% in September
- —Bitwise launched spot NEAR ETF NRR on Sept. 29 with a 0.75% fee
- —The ETF drew $58 million in its first week; Bitwise's 2030 target is $562.81
- —Dollar-denominated open interest jumped 119% between Sept. 13 and Sept. 20
Why it matters: The spot ETF launch and AI-agent positioning make NEAR a sector leader, but the rally is leverage-driven and remains dependent on bitcoin's direction.
Source: CoinCentral