The Bitwise NEAR ETF, which began trading on NYSE Arca in late September 2026, has experienced net outflows following a strong debut. The fund attracted $35.5 million on its first day and reached $52.8 million in inflows by week's end. However, November 5 saw roughly $773,800 leave the fund. Cumulative inflows stand at $80.45 million, while net assets total $58.04 million.
The decline reflects both investor redemptions and falling NEAR prices amid broader cryptocurrency market weakness. Bitcoin and Ethereum ETFs have also seen significant outflows recently. The fund holds NEAR tokens directly and stakes them for approximately 5% returns, charging a 0.75% annual fee. Whether outflows continue depends partly on the network's artificial intelligence initiatives attracting new interest.
Read the full story on BSC News: Bitwise NEAR ETF (NRR) Sees Outflows After Strong Launch, Cumulative Inflows at $80.45 Million
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