Rumors of a potential Bitwise NEAR ETF registration in Delaware are generating interest, yet they remain unconfirmed.
Uncertainty Surrounding ETF Registration
Rumors have emerged about a Bitwise NEAR ETF registered in Delaware. However, official sources, including Bitwise and NEAR Protocol, have yet to confirm this information. Regulatory bodies have also not provided any statements or records to support such a move.
Historical Perspective on Market Impact
Speculation driven by unverified ETF announcements historically fails to significantly impact cryptocurrency prices without official endorsement. Experts from Coincu commented: "In the cryptocurrency sector, unsubstantiated rumors often lack the power to significantly affect market prices without corroborative announcements."
Current Status of NEAR
Currently, NEAR's price stands at $2.60, with a market cap of $3,137,293,213 USD and market dominance of 0.11%. Although there has been a 24-hour increase of 6.43%, a long-term decline of 47.20% has been observed over the past 90 days. Market conditions remain cautiously stable without official clarifications.
Only time will tell if any future official ETF registration will influence market conditions for NEAR. However, the current situation highlights the necessity of confirmations for determining the true market state.
