NEAR Protocol (NEAR) entered three Bitwise crypto indexes in the firm’s Oct. 30 rebalance, receiving a 1.19% share in the benchmark excluding Bitcoin (BTC), versus 0.28% in each of the other two.
Bitwise 10 ex Bitcoin Large Cap Crypto Index gave NEAR its largest allocation. The other two indexes — Bitwise 10 Large Cap Crypto Index and Bitwise 10 Select Large Cap Crypto Index — each assigned it 0.28%.
In the main index, NEAR carried the lowest weight of the 10 constituents. Bitcoin accounted for 76.42% of that benchmark, while Ether (ETH) accounted for 13.53%.
NEAR took Uniswap’s (UNI) place in the main and ex-Bitcoin indexes. Its addition to the select index displaced Avalanche (AVAX). Bitwise announced the planned changes Oct. 22 and scheduled them for the Oct. 30 rebalance. The firm’s October results page is dated Oct. 29, as of 4 p.m. ET.
The index additions concern a separate product from the Bitwise NEAR ETF. The U.S. spot fund debuted Sept. 29 under the ticker NRR.
