According to U.Today, the first spot NEAR cryptocurrency exchange-traded fund launched by Bitwise reached a total assets under management (AUM) of $52.8 million on day two of its offering.
Bitwise’s chief investment officer, Matt Hougan, described the launch as strong in commentary following the milestone. No additional details about timing beyond “day two” were provided.
The achievement reflects the fund’s ability to attract investor capital rapidly shortly after initiation. Bitwise previously announced the creation of the NEAR spot ETF, which aims to provide exposure to the NEAR Protocol asset through a regulated exchange-traded format.
Hougan’s remarks focus on the positive early trajectory without reference to performance metrics, future plans, or comparative figures. The statement emphasizes confidence in the launch process based on observed demand and market response during the initial period.
No regulatory comments, customer numbers, or operational details were included in the source material. The report notes only the milestone amount, the timing (“day two”), and Hougan’s characterization of the launch as strong.
