Bitwise’s NEAR ETF Lists a 3.31% Net Staking Rate as of Oct. 16

NEAR token (NEAR) holdings in Bitwise’s exchange-traded fund carried a 3.31% net staking reward rate as of Oct. 16, below the listed 4.94% gross rate. Both figures can change. The Bitwise NEAR ETF, ticker NRR, holds NEAR directly and seeks additional tokens through staking. Rewards accrue to the fund’s net asset value per share instead of being paid as a fixed cash yield. Staking rewards are not guaranteed. The gross rate uses an average of annualized rates over the preceding 90 days. It reflects a period of rates rather than a fixed payout for investors.

Source: TokenPost