The NEAR leverage ratio decreased before the launch of the Bitwise ETF, with a net inflow of $35.5 million on the first day

On September 21st, the NEAR holdings reached a peak of approximately 215 million units. By the time the Bitwise NEAR ETF was listed on NYSE Arca on September 29th, holdings had decreased by approximately 21% from the peak to approximately 169 million units. Bitwise reported a net inflow of $35.5 million on the first day of the ETF. （Santiment）