Bitwise Adds NEAR to Three Large-Cap Crypto Indexes in October Rebalance

Bitwise added NEAR Protocol (NEAR) to three large-cap crypto indexes in its October rebalance, changing their constituent lists and giving NEAR its largest allocation in the index that excludes Bitcoin.

NEAR replaced Uniswap (UNI) in the Bitwise 10 Large Cap Crypto Index and the Bitwise 10 ex Bitcoin Large Cap Crypto Index. It replaced Avalanche (AVAX) in the Bitwise 10 Select Large Cap Crypto Index.

The token received a 0.28% weight in the main large-cap index and the select index. Its weight was 1.19% in the ex Bitcoin index. NEAR had the smallest allocation among the 10 assets in the main index, where Bitcoin (BTC) accounted for 76.42% and Ether (ETH) for 13.53%.

Bitwise announced the constituent changes Oct. 22 and published the October weights Oct. 29. The index changes are separate from the Bitwise NEAR ETF, a U.S. spot fund that began trading Sept. 29 under the ticker NRR.