NEAR Staking Comes to a U.S. ETF

Bitwise’s new NRR fund stakes NEAR. The 5% reward rate may add to NAV, but it is not a fixed return for shareholders.

• Bitwise has launched the Bitwise NEAR ETF (NRR) which stakes NEAR tokens to potentially enhance returns beyond price appreciation.
• The ETF aims for an approximate 5% annualised staking reward rate, but this is subject to network conditions, fees, and operational decisions, and is not a guaranteed yield for shareholders.
• Investors should understand that the staking rewards are denominated in NEAR and do not protect against the token's inherent volatility, and the ETF's market price can deviate from its Net Asset Value.

Topics: Asset types, Institutional adoption, Yield performance, Alternative assets, Asset manager initiatives, Staking defi yield

Tags: #bitwise #near #etf #staking #nrr #protocolrewardrate #netassetvalue #volatility #exchangetradedproduct

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