Bitwise has filed the final prospectus for its NEAR spot ETF and released a 39-page investment report on the token, with Chief Investment Officer Matt Hougan listed as a contributor. The report lays out several valuation cases for NEAR through 2030. In Bitwise’s base case, NEAR reaches $155 by 2030. In an extreme bull case, the target rises to $562, while the bear case puts the token at $1.63. The document does not avoid downside risk and explicitly includes the possibility of a sharp decline in NEAR’s price. In its most optimistic scenario, Bitwise compares NEAR with Visa as one of the reference points for future potential 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 Europe’s NEAR ETP at the end of the report.
Bitwise has filed the final prospectus for its NEAR spot ETF and has also published a 39-page investment report on NEAR. Bitwise Chief Investment Officer Matt Hougan contributed to the report.
Report sets out multiple price scenarios
The report presents several scenarios for NEAR. In the base case, Bitwise expects NEAR to reach $155 by 2030. In an extreme bull case, the price target is $562. In the bear case, the figure drops to $1.63.
Downside risk is included
The report does not sidestep the risk of a sharp decline in NEAR’s price. Alongside its upside cases, it also lays out a materially weaker outcome.
Visa comparison appears in the most bullish case
In the extreme bull scenario, Bitwise compares NEAR with Visa. The report says Visa processed $15.7 trillion in payment transactions in 2024 and currently has a market capitalization of about $701 billion. Bitwise uses those figures as one of the reference points in assessing NEAR’s future potential value.
The report also includes a product page for Bitwise Europe’s NEAR ETP at the end.
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