Bitwise CIO Matt Hougan highlighted the early performance of the Bitwise NEAR ETF after the fund reached $52.8 million in assets under management after its second trading day. In an October 1 X post, Hougan called it a “strong launch,” while the fund recorded $13.2 million in net inflows and $20.1 million in trading volume for the session.
Love to see it. Strong launch. https://t.co/KWzn0nYlfP
— Matt Hougan (@Matt_Hougan) October 1, 2026
The ETF had about $36 million in assets after its first day, meaning its asset base expanded sharply during the following session. The product gives investors regulated market exposure to NEAR Protocol, while the network continues building around cross-chain infrastructure and AI-focused applications, adding an institutional access route for the asset.
The immediate question is whether the fund can sustain its early inflow pace after the first two sessions. Continued subscriptions would push assets under management higher and provide a clearer measure of investor demand, while slower flows would show whether the strong opening was concentrated around launch-day interest rather than sustained ETF adoption.
Source: Matt Hougan.
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