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Bitwise CEO Hunter Horsley Says He Personally Bought the Bitwise NEAR ETF

Bitwise CEO Hunter Horsley said on X that he personally bought the Bitwise NEAR ETF, without disclosing the amount. Horsley had previously said investors bought into the fund during NEAR’s pullback, and the ETF drew roughly $9 million in net inflows on its third day of trading.

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AI take

A CEO buying his own firm's product is a signal of conviction, but it is also a marketing gesture, and the absence of a disclosed amount limits how much weight it carries. The more substantive detail is the roughly $9 million in net inflows on the third trading day, which suggests the fund is finding real demand rather than just launch-day noise. The open question is whether that pace holds once the initial novelty fades and NEAR's price direction stops providing a tailwind.

Generated by AI for reference only.

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