Trader MK4 has accumulated approximately $15.5 million in unrealized profits on a NEAR long position following the launch of the Bitwise NEAR spot ETF on the New York Stock Exchange. The trader currently holds 5.84 million NEAR tokens with a notional value of roughly $29.21 million.
On-chain data indicates MK4's overall unrealized gains stand at $13.55 million, while cumulative historical profits have reached $56.54 million. The significant position appreciation coincides directly with the new ETF product beginning to trade on the NYSE.
Trader MK4 Sits on $15.5M Unrealized NEAR Profit Following Bitwise ETF Launch
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