NEAR Enters Bitwise Large-Cap Indexes in October Rebalance

TL;DR: Bitwise’s October 30 rebalance brings NEAR into several indexes, replacing UNI or AVAX depending on the benchmark. Index membership alone does not establish a guaranteed price effect. Bitwise’s latest scheduled index changes place NEAR in several large-cap benchmarks, with the outgoing constituent depending on the particular index. The changes were announced on October 22 for the October 30 rebalance. The development is relevant to investors tracking rules-based crypto exposure. It also illustrates why an index announcement needs to be read at the level of the named benchmark, rather than reduced to a general claim that a token has been added to every Bitwise product.

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