According to TechFlow, the staking income of Ethereum is expected to exceed the US interest rate in the next year, which may drive up the price of Ethereum and attract investors' attention. Currently, the staking income of Ethereum is about 3.2%.

Changing market dynamics, driven by falling U.S. interest rates and rising Ethereum transaction fees, are expected to narrow the gap between Ethereum staking returns and traditional risk-free rates in the coming quarters.

FalconX analysis points out that if the Fed continues to cut interest rates, it is expected that by mid-2025, staking returns may turn positive, thereby enhancing its attractiveness. Institutional investors tend to obtain staking returns through regulated products, and the launch of related products still needs to wait for regulatory approval.