NEAR Staking Comes to a U.S. ETF

The feature being marketed is a roughly 5% annualised staking rate. That number needs context before it is treated as investor yield.

The 5% figure belongs to the NEAR network

Bitwise launched the Bitwise NEAR ETF, ticker NRR, on NYSE Arca on September 29. The trust holds NEAR and seeks to stake a significant portion through Bitwise’s institutional staking team.

Its roughly 5% figure is an annualised estimate of NEAR’s protocol reward rate as of September 25. It describes the rewards available to staked tokens under current network conditions. It does not set a rate that NRR shareholders are entitled to receive.

NEAR’s reward economics can change. The trust may leave some tokens unstaked for liquidity and operational needs. Fees reduce the assets represented by each share. The share price can also move independently of the trust’s net asset value during exchange trading.

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