Why is NEAR up 5.68% Today, September 28, 2026? ETF Listing Readiness Meets Heavy Turnover

NEAR outperformed majors on an event-driven catalyst as a proposed Bitwise NEAR ETF advanced toward U.S. listing, improving expectations for regulated access despite no disclosed trading date. High turnover (about 19.9% of market cap) signals aggressive repositioning and elevated short-term volatility. The fund's staking feature adds differentiation but also operational risk, leaving follow-through dependent on post-launch creations rather than confirmed inflows.