Bitwise's NRR, the first US spot NEAR ETF, stakes its tokens and keeps about 67% of a roughly 5% reward rate for shareholders. After the 0.75% fee, that comes to roughly 2.6% a year in extra tokens, just above NEAR's 2.5% inflation.
Perspective Coverage
3 publishers
- Builder
- Builder 8%
- Operator
- Operator 20%
- Investor
- Investor 72%
Reality
- Evidence60
- Adoption
- Not scored
- Hype gap+40
- Incentives75
- Confidence65
Bitwise's NEAR ETF, ticker NRR, cleared NYSE Arca and the SEC on September 24 to list with 100% of its tokens staked, for a 0.75% annual fee. Holders only beat plain price exposure if staking rewards beat that fee, and one listing tells us less about SEC policy on staking than it appears to.
Reality
- Evidence62
- Adoption
- Not scored
- Hype gap+30
- Incentives60
- Confidence60
The DAO's largest-ever budget defunds liquidity-provider rewards in favour of institutional partnership work, and hands the protocol to Coinbase Custody's former chief executive.
Reality
- Evidence50
- Adoption20
- Hype gap+30
- Incentives65
- Confidence60
Grayscale will cut ZCSH's NAV per share to a third on Sept. 30. The coin behind the fund went from about $42 a year ago to an intraday $1,521 on Friday, and by one analysis $100 million of the fund's inflow came from a unit of its parent.
Perspective Coverage
5 publishers
- Builder
- Builder 14%
- Operator
- Operator 23%
- Investor
- Investor 63%
Reality
- Evidence70
- Adoption55
- Hype gap+30
- Incentives65
- Confidence65
DCG supplied about two-thirds of the ZEC that Grayscale's ETF added since August
Grayscale's ZCSH holds 596,269 ZEC, roughly 3.52% of circulating supply, after in-kind creations lifted its coin count by 28.4%. Assets nearly tripled over the same weeks, and most of that came from ZEC's price.
Reality
- Evidence40
- Adoption50
- Hype gap+35
- Incentives75
- Confidence45
Zcash's ETF conversion kills a 7.6x pricing lottery and leaves one spread: the 2.5% fee
Grayscale's ZCSH lists on NYSE Arca on or about Aug. 25 with Jane Street and Virtu as authorized participants. The premium band goes. The sponsor fee does not.
Reality
- Evidence30
- Adoption38
- Hype gap+18
- Incentives70
- Confidence34