NEAR Token Drops 5% Despite Bitwise Launching Staking ETP

  • NEAR Protocols native token slumped 5.42% on Friday, falling from $2.294 to $2.170 within 24 hours, even as Bitwise launched its NEAR Staking Exchange-Traded Product (ETP), a move aimed at boosting institutional exposure. The decline came amid a broadly subdued day in the crypto market, with Bitcoin also pulling back from recent highs.