NEAR Protocol Rides the AI Boom with Bullish Momentum Following Bitwise ETP Launch

NEAR Protocol is receiving a lot of attention because it is rapidly growing after Bitwise Europe created a new staking Exchange Traded Product (ETP) that is now listed on the Deutsche Börse Xetra.   This news demonstrates that institutional investors have a high level of faith in the project, as well as a strong interest in blockchain systems that can leverage AI.

The NEAR staking ETP provides a safe method to invest in one of the most promising AI-native blockchains. The ETP reinvests its holdings to provide liquidity on regulated markets, with the intention of earning approximately 5.5% after staking fees.   According to Illia Polosukhin, one of the NEAR Foundation’s founders, the organization’s mission is to make the internet function for people rather than businesses.  This is an idea that is now more widely available to investors around the world.

NEAR has experienced a huge technical rebound, breaking past key resistance levels. The coin is currently trading above its 50-day and 100-day exponential moving averages, and the inverse head and shoulders pattern indicates that it will rise to $2.74. Open interest in NEAR futures has climbed to $237 million, while volume has increased by more than 60%.  This demonstrates that the market is still very interested.

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