Bernstein: U.S. Ether ETF May Soon Introduce Pledged Income Feature
According to a 2 December report from Bernstein, a pledge yield feature may soon be introduced to U.S. ethereum exchange-traded funds (ETFs).Bernstein analysts said, ‘We believe that under Trump 2.0’s new crypto-friendly [U.S. Securities and Exchange Commission], it is likely that the ETH pledge yield feature will be approval.’ With data showing that the annualised percentage return (APR) on ETH pledges denominated in ETH was around 3.1% as of 2 December, Bernstein said, ‘We believe that ETH yields could rise further to 4-5% as the level of activity on the ethereum blockchain network increases.’
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Trending news
MoreAccording to the latest filing submitted to the U.S. Securities and Exchange Commission (SEC), Mirum Pharmaceuticals, Inc. has officially registered a public offering plan of common stock initiated by selling shareholders.
Snowflake executives confirmed during a conference call that the acquisition of Observe has been completed.
Crypto prices
More
