Bitwise's NEAR ETF Has Taken $80 Million Over Three Straight Weeks

Three Weeks of Inflows Into NRR

Money has kept flowing into Bitwise's spot NEAR Protocol (NEAR) exchange-traded fund for three straight weeks, and Monday's session did not break the streak. SoSoValue data shows the fund, which trades under the ticker NRR, took $5.42 million in net inflows on Monday, Oct 19, lifting cumulative inflows past $80 million. Earlier this month we tracked a $2.61 million net inflow for the fund's second straight session, and the running total has climbed since. The flows have held up even while the altcoin itself has gone sideways: NEAR last changed hands near $4.79, down about 5.1% over the past 24 hours, and earlier on Tuesday it traded at $4.8160, roughly 2% lower on the day. Market commentary ties the demand to NEAR Protocol network growth, the spread of tokenized assets on the chain and the protocol's push into privacy. NEAR's own third-quarter report, published Oct 19, gives the growth numbers behind that read. It puts cumulative volume on NEAR Protocol (NEAR) Intents, the protocol's multichain trading system, above $32 billion, up 45% from the previous quarter, and we recently noted that NEAR Intents swap volume topped $130 million in a single day. More than $8 million in fees generated through the system has been routed into token buybacks. Confidential Intents, the privacy-focused arm, carries about $160 million in total value locked, an increase of roughly 463%. For readers new to these products, our guide to investing in crypto ETFs and funds covers how spot products of this kind take in capital. The gap between steady institutional demand and a token that keeps failing to hold higher ground defines the past three weeks, and Monday's print was one more instance of it, not a turn.

Resistance Stacked Near $5.03

The support and resistance structure explains why the capital has not moved the price. On the four-hour chart, NEAR Protocol (NEAR) has been trading below the 50-period exponential moving average at $5.0179 and below a downtrend line at $5.0261. The two lines sit almost on top of each other, and sell pressure has built inside that crowded band, capping each attempt to move higher. Momentum indicators agree: the RSI read 43, a shade into bearish territory from neutral, and the MACD slipped below its signal line, a sign that upward momentum is weakening. A rebound, on this chart, has to start with a decisive break of the $5.0261 downtrend line. Above it, the path first points to the Sept 28 high at $5.5780 and then to the round $6 level, which analysts flag as the next psychological marker. On the downside, the 200-period EMA at $4.5513 stands as the first major support, with a horizontal floor at $4.4440 beneath it, the level that absorbed the Oct 8 sell-off. The current pullback is being framed as a mild correction inside a longer upward trend rather than a reversal, though the risk case is spelled out too: sustained losses of the $4.5513 and $4.4440 band would flip the correction into a broader downtrend and put the Sept 19 high at $3.9140 in range as a downside target. The reading matters for the ETF story because spot creations land regardless of chart position, so NRR's weekly inflows have been arriving into a market sellers still control below $5.03. The near-term direction turns on which gives first, the $5.03 resistance or the $4.44 support, and the live NEAR technical analysis page tracks each line through the session.

Between $5.04 and $4.23

Our composite scoring places the same contest in numbers. The nearest resistance, at $5.0405, scored 92 out of 100, which is consistent with the stalls under $5.05, while the strongest support sits further down at $4.2322, scored 90; the $4.55 area in between carries only moderate backing. Positioning is quiet: the perpetual funding rate stands at 0.0002% and open interest at $455.2 million, with no sign of crowded leverage on either side of the book. What would change the picture is a daily close above $5.04 or a sustained loss of $4.23. Until one of those prints, the inflow streak and the flat price remain where they were.