Bitwise's NEAR ETF NRR Logs $3.98M Net Inflow for Monday, October 12

NRR Takes All of Monday's NEAR Inflow

The United States spot ETF session for Monday, October 12 ended with NEAR Protocol (NEAR) as the day's lone inflow story: Bitwise's NRR fund took in $3,983,800 of net inflows, every dollar of the NEAR exchange-traded demand recorded for that session. The figure comes from the daily creation and redemption disclosures compiled by SoSoValue, the primary record of how spot ETFs take in or hand back capital; authorized participants deliver cash or shares to an issuer, and the issuer reports the resulting net change each session. For NRR, that change printed positive at $3.98 million, lifting the fund's cumulative net inflow since launch to $75,382,200. The disclosures record the net change but not the end holder, so the identity behind Monday's $3.98 million cannot be confirmed from the table itself. The same session treated other single-asset funds less generously: Solana and Zcash spot ETFs together returned $2,355,900 to holders, with VanEck's VSOL accounting for $699,800 of the outflows and the ZCSH fund for the remaining $1,656,100. Measured against that backdrop, the one altcoin whose spot fund actually gained on Monday was NEAR Protocol (NEAR), added to while investors trimmed two other single-asset positions. SoSoValue's Monday table spans every NEAR, Solana and Zcash spot fund trading in the United States, which makes its zeros as informative as its prints. Timing matters here. The inflow landed while the token itself was under pressure: live monitoring places NEAR at $5.25, down 0.4% since the Monday flow table was published at 02:29 UTC and down 10.4% across the previous 24 hours. ETF demand of this kind settles at the day's net asset value, so Monday's creations added exposure at prices well above where the token stood early Tuesday. Whether the demand reflects accumulation into weakness is not disclosed; what the table confirms is its size, its direction and its single-fund concentration.

The concentration inside Monday's number says as much about market structure as about demand. The October 12 table shows Bitwise's NRR taking the entire $3.9838 million while no other NEAR product registered a dollar of flow, so an investor who wanted ETF-wrapped exposure to the NEAR Protocol token that day had, in practice, one door to use. Because creations settle into one vehicle, Monday's print also measures Bitwise's share of NEAR Protocol (NEAR) ETF demand at 100%, a reading that changes only if a second issuer's NEAR fund starts appearing in the daily series. The $75,382,200 of cumulative net inflows now credited to NRR has been accumulated session by session from the same disclosures, with Monday supplying the latest slice. The issuer's conviction predates the fund's ledger: Bitwise's research desk has made the most prominent institutional case for the network, with chief investment officer Matt Hougan calling NEAR the blockchain for AI after a 198% quarter, and, per our earlier coverage, a Bitwise report subsequently sent the token toward $5.53 resistance. A caution belongs next to any single-day figure: one session of creations neither proves a trend nor predicts the next table. Daily disclosures record demand that has already been executed at that day's net asset value; they are a record, not a forecast, and one positive print for one fund does not establish persistence. SoSoValue's Monday ledger is best read the way issuers themselves read it, as one snapshot in an accumulating series. For readers weighing how these products work before acting on a table like Monday's, our guide to crypto ETF investing sets out the creation, redemption and tracking mechanics behind the numbers.

Funding and positioning fill in what the flow table cannot. Our NEAR technical analysis composite scores the $5.2668 resistance, a cluster of pivot and Ichimoku Tenkan sellers, at 53 out of 100, and spot at $5.25 is pressing it from below, while the strongest support underneath sits at $4.3297, a 100/100 confluence. In derivatives, funding on perpetual futures runs at -0.0119% and open interest across the contract trading market holds near $552.4 million, so leveraged books lean mildly against the ETF bid. A sustained close above $5.27 would put Monday's inflow to work; losing $4.33 would argue it arrived too early. The Monday, October 12 session, the window this ledger covers, closed with NRR in credit while its underlying asset spent early Tuesday handing ground back.