Ethereum staking at 2.63 percent: what investors need to know

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Analysis: the Fed left the policy rate at 3.75 to 4.00 percent on Wednesday evening, and two members even wanted a hike. For Ether this decision counts for more than it does for Bitcoin, because the staking yield of 2.63 percent competes directly against the money-market rate.The documented part: the US Federal Reserve left its target range for the policy rate unchanged at 3.75 to 4.00 percent on Wednesday evening at 7 pm German time, by ten votes to two, and the average staking yield on Ether stood at 2.63 percent in the third quarter. Our assessment follows further down: the gap between those two numbers explains the outflows from the American Ether funds better than any chart level, and it works out differently for investors in the euro area than for investors in dollars. Ether was trading at around $2,357 on Wednesday evening, up 0.5 percent over 24 hours (as of October 28, data from CoinGecko). Over seven days it is down 6.6 percent, over 30 days down 12.8 percent. Where th...