Bitwise has filed the final prospectus for its spot NEAR ETF and released a 39-page investment report on the token, with Chief Investment Officer Matt Hougan listed among the contributors. The report lays out several valuation scenarios for NEAR through 2030 rather than presenting a single price target. In Bitwise’s base case, NEAR reaches $155 by 2030. In an extreme bull-case scenario, the target rises to $562, while the bear-case scenario puts the token at $1.63. The report also makes clear that it does not dismiss the risk of a sharp downside move in NEAR’s price. In its most optimistic scenario, Bitwise compares NEAR with Visa as one reference point for potential future value. The report says Visa processed $15.7 trillion in payment volume in 2024 and currently has a market capitalization of about $701 billion. It also includes a product page for Bitwise’s European NEAR ETP at the end.
Bitwise has filed the final prospectus for its spot NEAR exchange-traded fund and released a 39-page investment report on NEAR, with Chief Investment Officer Matt Hougan participating in the writing.
The report presents several scenarios for NEAR through 2030. Under Bitwise’s base case, NEAR would reach $155 by 2030. In an extreme bull-case scenario, the target climbs to $562. In the bear-case scenario, the report puts NEAR at $1.63.
Report outlines three valuation scenarios
Bitwise did not avoid the possibility of a steep decline in NEAR’s price. Alongside the base and extreme bull cases, the report also explicitly includes a bear-case outcome.
- Base case: NEAR at $155 by 2030
- Extreme bull case: NEAR at $562 by 2030
- Bear case: NEAR at $1.63 by 2030
Visa used as a reference in the extreme bull case
In the extreme bull-case scenario, Bitwise compares NEAR with Visa. The report says Visa processed $15.7 trillion in payment volume in 2024 and currently has a market capitalization of about $701 billion, using those figures as one reference point in assessing NEAR’s potential future value.
The report also includes a product page for Bitwise’s European NEAR ETP at the end.
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