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As a result, there has been no significant price movement in NEAR so far. Analysts note that in the absence of an official confirmation, such speculation struggles to create a lasting market impact.

History Repeats: ETF Rumors With No Real Effect

Unverified ETF speculations have historically failed to significantly affect cryptocurrency prices without official endorsement. The same seems to be happening with NEAR Protocol. Its current price stands at $2.60, with a market cap of $3,137,293,213. While it saw a 6.43% increase over the past 24 hours, the token has dropped 47.20% over the last 90 days.

Coincu experts commented, “In the crypto space, unverified news cannot influence markets unless backed by official announcements.”

Investors are keeping a close eye on the situation, while experts advise caution. Until a formal statement is issued, no major moves are expected regarding NEAR.

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The post Bitwise NEAR ETF Rumors Stir Confusion! appeared first on Coin Engineer.