Bitwise's NEAR ETF Logs Estimated $7.81M Net Outflows Over 11 Sessions

$7.81M Out Over 11 Sessions

Bitwise's NEAR Protocol spot ETF, which trades as NRR, posted an estimated $7.81 million in net outflows across the 11 US trading sessions from Oct 26 through Nov 9. The estimate is compiled from changes in the issuer's published holdings file rather than from direct creation and redemption tallies, and the file shows the fund's holdings fell by 1,870,297 NEAR Protocol (NEAR) over the stretch. Because the figure is an estimate, its precision is limited: the underlying file records what the issuer holds at each snapshot, so the gap between snapshots captures everything that moved the balance, wanted or not. The fund stakes part of its NEAR, which means the accounting around liquid staking rewards and fee-related adjustments can shift the file without any investor buying or selling. Net outflow estimates of this kind have become the standard first read on newly launched spot ETFs before official flow data firms up.

Our composite support and resistance scoring, which grades each level out of 100 from the indicators that meet there, frames the current tape: the strongest resistance sits at $3.7088 with a 100/100 score, while the nearest support, $3.5362, carries a 69/100 rating. Spot trades near $3.64, below that resistance and above the support, with the composite trend still labeled a downtrend and the RSI at 38.61. Positioning is muted: the perp funding rate reads 0.0061%, a slight long bias among traders running leverage, and open interest stands at $253.9 million. A daily close above $3.7088 would clear the strongest level on the map; losing $3.5362 would put the lower supports back in play.

Bitwise started trading NRR in the US market on Sep 29, which leaves the fund not yet two months old and the observation window short. The issuer's official page showed NRR holding 15,693,802.96 NEAR Protocol (NEAR) with net assets of $56,955,900 as of Nov 8, a snapshot on a different basis from the 11-session estimate, and readers comparing the two should keep those different bases in mind. ETF disclosures for the altcoin also do not separate investor types, so an outflow estimate cannot by itself establish that institutional money was trimming NEAR exposure; retail redemptions, market-maker inventory or staking mechanics could all sit inside the same number. For readers weighing the product itself, How to Invest in Crypto ETFs and Funds explains how creations and redemptions actually settle.

On the chart, analyst Vishal Dixit's four-hour read, disclosed as assisted by AI tools, placed price below both the 50-period and 200-period exponential moving averages, a configuration that keeps the medium-term structure heavy. His scenario treats $3.40 as a technical support zone whose confirmed loss would open $2.9780 and then $2.7280 as candidate levels, explicitly projections rather than fixed targets. The Nov 9 daily candle recorded a low of $3.4592 and a close of $3.6178, so $3.40 was never a traded low, only a technical zone on a chart. An earlier read on this desk had NEAR under $3.83 resistance with hourly signals split, and the full level map stays current in our NEAR technical analysis. The $7.81 million figure is therefore a record within tight bounds: 11 sessions, one issuer's holdings file, and a fund younger than two months. It measures what the file shows, and nothing past it.