Ether staking yield of 2.63% trails Fed rate by 1.12 points
- —Fed held rates at 3.75–4.00%, with two members dissenting in favor of a 25bp hike
- —Ether staking yield slipped to 2.63% from 2.81% in Q2
- —43.8 million ETH is staked, nearly 36% of supply, up 7.96 million in nine months
- —US spot Ether ETFs saw $148.8 million of net outflows over two sessions
Why it matters: A negative spread to dollar rates weighs on ETH ETF demand, even as rising staked supply tightens the freely tradable float.
Source: CryptoTicker