Glassnode says ETH vaults trailed staking in September
BROBROK News · Based on reporting by CryptoSlate ·
Glassnode’s September review found that ETH vaults lagged staking, even as the broader vault balance it tracks rose about 15% to $10 billion. In the same period, dollar-denominated vault strategies outperformed Treasuries for a third straight month. The report separates asset growth from benchmark-relative performance.
Key points
- ETH vaults did not beat staking in Glassnode’s September comparison.
- The broader vault balance tracked by Glassnode rose to its highest level since November 2025.
- Dollar-based vault strategies outperformed Treasuries for three consecutive months.
- The relevant benchmark changes depending on whether the depositor wants ETH exposure or dollar income.
- Fees, rewards and vault design can change the net return a user actually receives.
Why it matters
For crypto investors, the report shows that higher assets under management do not automatically mean better performance. It also highlights how benchmark choice and vault structure can change the conclusion about yield.
Original headline: “ETH vaults lagged staking while dollar strategies beat Treasuries, Glassnode finds”
Read the original on CryptoSlate
Summary and analysis written by BROBROK News from the original report. Read the full story on the source website. Not investment advice.