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.