{"id":33816,"date":"2026-07-03T16:25:37","date_gmt":"2026-07-03T16:25:37","guid":{"rendered":"https:\/\/bitunikey.com\/news\/near-price-breaks-out-after-bitwise-revamps-etf-filing-with-staking\/"},"modified":"2026-07-03T16:25:45","modified_gmt":"2026-07-03T16:25:45","slug":"near-price-breaks-out-after-bitwise-revamps-etf-filing-with-staking","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/near-price-breaks-out-after-bitwise-revamps-etf-filing-with-staking\/","title":{"rendered":"NEAR price breaks out after Bitwise revamps ETF filing with staking"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Bitwise has strengthened its proposed spot NEAR ETF with a staking feature in a new SEC filing, helping drive NEAR nearly 12% higher as the token broke above a multi-week downtrend.<\/p>\n<div id=\"cn-block-summary-block_52a323d626624619da433ab849eb1710\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Bitwise has updated its proposed spot NEAR ETF, adding staking while naming NYSE Arca, BNY Mellon, and Coinbase Custody in the filing.<\/li>\n<li>NEAR jumped nearly 12% as the ETF amendment coincided with a breakout above multi-week descending resistance and improving momentum indicators.<\/li>\n<li>Analyst Micha\u00ebl van de Poppe expects further upside if key support holds, while Grayscale has also advanced its own NEAR ETF proposal.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>According to a revised S-1 registration statement submitted to the U.S. Securities and Exchange Commission, Bitwise has amended its proposed spot NEAR ETF for a second time, adding staking as a source of potential rewards alongside the fund\u2019s primary objective of tracking the value of NEAR held by the trust.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udea8SCOOP: Biwtise amends its S-1 for spot NEAR ETF<br \/>\ud83d\udd38Bitwise submitted the 2nd amendment after almost a year<br \/>\ud83d\udd38Adds Staking as a secondary objective<br \/>\ud83d\udd38Names NYSE Arca for listing and trading spot NEAR ETF<br \/>\ud83d\udd38The Bank of New York Mellon is selected as cash custodian<br \/>\ud83d\udd38Coinbase\u2026 <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/bYNRZAN84P\">pic.twitter.com\/bYNRZAN84P<\/a><\/p>\n<p>\u2014 Rednirav (@CryptoRednirav) <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/CryptoRednirav\/status\/2073031831780225115?ref_src=twsrc%5Etfw\">July 3, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>The filing also confirms that the ETF is intended to list on NYSE Arca, while The Bank of New York Mellon will act as cash custodian, administrator and transfer agent, with Coinbase Custody safeguarding the fund\u2019s digital assets.<\/p>\n<p>The amendment also expands disclosures covering staking-related tax treatment, redemption liquidity and cryptocurrency market risks. Bitwise has not yet disclosed the ETF\u2019s ticker symbol or management fee, and the proposal remains subject to SEC approval.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">ETF filing coincides with a technical breakout<\/h2>\n<p>The revised filing arrived as NEAR staged one of its strongest rallies in weeks.<\/p>\n<p>According to data from crypto.news, NEAR Protocol (NEAR) climbed nearly 12% to around $2.04 on July 3, extending a recovery that began earlier in the week. While the ETF amendment alone cannot be credited for the move, it arrived as the token was testing a critical technical level, providing a catalyst that coincided with a bullish breakout already taking shape.<\/p>\n<p>On the four-hour chart, NEAR broke above a descending trendline that had capped every rally since the token peaked near $2.56 in mid-June. The breakout also carried price back above the 61.8% Fibonacci retracement level at roughly $2.04, a level many traders monitor for confirmation that buyers are regaining control after a prolonged correction.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">NEAR 4-hour price chart \u2014 July 3 | Source: crypto.news<\/figcaption><\/figure>\n<p>Momentum indicators also turned more constructive. The Moving Average Convergence Divergence indicator maintained a bullish crossover with a rising positive histogram, while the Aroon indicator showed Aroon Up at 100 and Aroon Down near 14, signaling that buyers currently dominate the short-term trend.<\/p>\n<p>If the breakout holds, the next resistance levels lie around $2.14 and $2.24, followed by the $2.36 region. A successful move through those levels could open the way for a retest of the June high near $2.56, while the former breakout area around $1.90 has become the first key support.<\/p>\n<h2 class=\"wp-block-heading\">Analysts see improving market structure<\/h2>\n<p>Adding to the bullish technical picture, analyst Micha\u00ebl van de Poppe said he increased his NEAR position around $1.82, describing the recent weakness as an attractive accumulation opportunity.<\/p>\n<p>According to van de Poppe, NEAR is \u201cclearly breaking back into an uptrend\u201d after defending support near \u20ac1.70 (around $2.00). He added that holding this area could pave the way for a rally toward \u20ac2.20-\u20ac2.30 (roughly $2.58-$2.70), which he said would strengthen the case for new highs later in the summer.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">There we go on <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/search?q=%24NEAR&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$NEAR<\/a>.<\/p>\n<p>I added another portion earlier at $1.82, and I&#8217;m very satisfied with that buy.<\/p>\n<p>Clearly breaking back into an uptrend, and I&#8217;m looking to see whether it&#8217;s going to hold the area of \u20ac1.70 and then proceed to \u20ac2.20-2.30.<\/p>\n<p>That would be a great move and an\u2026 <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/cOXsquw43o\">https:\/\/t.co\/cOXsquw43o<\/a> <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/8iuF0yVGWw\">pic.twitter.com\/8iuF0yVGWw<\/a><\/p>\n<p>\u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/CryptoMichNL\/status\/2073054153589379558?ref_src=twsrc%5Etfw\">July 3, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>The improving chart structure broadly aligns with that outlook. After several weeks of setting lower highs, NEAR has now established a higher low, reclaimed a key Fibonacci level and broken through descending resistance.<\/p>\n<p>Although continued buying volume will be needed to confirm the reversal, the combination of Bitwise\u2019s updated ETF filing, strengthening momentum indicators and renewed institutional interest has improved the token\u2019s near-term technical outlook.<\/p>\n<p>Institutional demand for NEAR investment products has also been building elsewhere. Earlier, crypto.news reported that Grayscale filed an amended registration statement for its own proposed spot NEAR ETF, adding another issuer to the growing race to launch regulated investment products tied to the network.<\/p>\n<div class=\"cn-block-disclaimer\">\n<div class=\"cn-block-disclaimer__icon\">\n            <svg class=\"icon icon-info\" aria-hidden=\"true\"><use xlink:href=\"#icon-info\"><\/use> <\/svg>        <\/div>\n<p class=\"cn-block-disclaimer__content\">\n            Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.        <\/p>\n<\/p><\/div>\n<p><!-- .cn-block-disclaimer --><\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitwise has strengthened its proposed spot NEAR ETF with a staking feature in a new SEC filing, helping drive NEAR nearly 12% higher as the token broke above a multi-week&hellip;<\/p>\n","protected":false},"author":1,"featured_media":12565,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-33816","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/33816","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=33816"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/33816\/revisions"}],"predecessor-version":[{"id":33817,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/33816\/revisions\/33817"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/12565"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=33816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=33816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=33816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}