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NEAR Protocol ETF Launches Amid Token Exploit Concerns

NEAR Protocol ETF Launches Amid Token Exploit Concerns

First seen 4 Oct 2026, 20:02 UTC • •
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ThreatCluster AI
ThreatCluster •October 4, 2026 at 21:02 UTC
  • •Bitwise's NEAR ETF attracted $35.5 million on launch despite recent exploit.
  • •A $3.8 million exploit on NEAR Intents caused a 10% drop in token value.
  • •Investors are testing confidence in NEAR's ecosystem post-exploit.

The NEAR Protocol ETF, launched by Bitwise on September 29, attracted $35.5 million in net inflows on its first day. This comes shortly after a significant exploit involving the NEAR Intents platform, which resulted in a $3.8 million loss and a 10% drop in NEAR's value. The exploit was linked to vulnerabilities in the Omni deposit-and-withdrawal infrastructure. Despite the recent exploit, the ETF has seen strong institutional interest, raising questions about investor confidence in the NEAR ecosystem. The incident highlights potential risks associated with the NEAR token standard, NEP-141, which was previously exploited due to a coding flaw. The NEAR community is now under scrutiny to ensure that such vulnerabilities are addressed to maintain investor trust. The ETF's performance will be closely monitored as it faces this early test of market resilience.

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Timeline

2026-09-29
NEAR ETF launched
Bitwise's NEAR ETF began trading on NYSE Arca, pulling in $35.5 million on its first day.
Startupfortune
2026-09-30
Total inflows reach $50 million
Cumulative inflows for the NEAR ETF increased to over $50 million within two days of launch.
cryptoslate.com
2026-10-02
NEAR Intents exploit disclosed
NEAR Intents reported a security incident involving a $3.8 million exploit, prompting a 10% drop in NEAR's value.
cryptoslate.com

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Common questions

What caused the NEAR Intents exploit?
The exploit was linked to vulnerabilities in the Omni deposit-and-withdrawal infrastructure, resulting in a $3.8 million loss.
How has the ETF performed since launch?
The NEAR ETF attracted $35.5 million on its first day and reached over $50 million in inflows by the second day.
What steps are being taken to address the vulnerabilities?
The NEAR community is under scrutiny to ensure that coding flaws are addressed to maintain investor trust.