PostFinance AG launched an Ethereum staking service that allows customers to earn passive income.
The announcement has stirred hopes of Ethereum ETFs integrating staking, which Standard Chartered and Bernstein predict will happen in 2025.
Ethereum needs to overcome the resistance near its key SMAs to reclaim the $3,550 and $3,770 levels.
Ethereum (ETH) experienced a 3% decline on Thursday despite growing excitement over the launch of ETH staking services by PostFinance AG. Investors are optimistic that this development may lead to the approval of staking in Ethereum ETFs. Standard Chartered predicts the approval could push ETH’s value to $14,000.PostFinance AG, a Swiss state-owned bank, announced on Thursday that it’s launching a service that allows customers to stake Ethereum and earn passive income.”We’re expanding our crypto service and introducing staking. This will allow our customers to generate passive income by depositing cryptocurrencies,” the bank wrote in an X post.The bank, which began offering crypto services last year, plans to expand into other digital assets gradually.Staking is the process of earning passive income on your digital assets by using it to contribute to the security of a cryptocurrency network.The total value of staked ETH grew to an all-time high of 35,000 ETH — about 30% of Ethereum’s total supply — in early November before declining following the crypto market rally.ETH Total Value Staked. Source: Dune (@hildobby)With the incoming Donald Trump administration leaning towards the crypto industry, most community members anticipate that Wall Street firms may begin offering similar services. The sentiment aligns with predictions from Standard Chartered and Bernstein that staking will be integrated into Ethereum ETFs in 2025.Notably, issuers initially included staking as part of their ETH ETF filings but later removed it because the Securities and Exchange Commission (SEC) wasn’t comfortable with the process. The SEC’s stance could quickly change, as pro-crypto Paul Atkins is expected to replace Gary Gensler as Chair.The approval of staking in Ethereum ETFs could significantly boost inflows into the product and solidify its narrative as an “internet bond”. Standard Chartered predicts that such a narrative could skyrocket Ethereum above $14,000 by year-end.In an ambitious prediction, Nate Geraci, president of The ETF Store, stated that staking Ethereum ETFs could likely surpass Bitcoin ETFs if they get approval to stake their assets under management (AUM).For comparison, Bitcoin ETFs have attracted a total net inflow of $36.66 billion since launching in January 2024. On the other hand, Ethereum ETFs are far below, with a cumulative net inflow of $2.48 billion since their launch in July.Ethereum saw $39.85 million in liquidations, with liquidated long and short positions accounting for $28.30 million and $11.55 million, respectively, in the past 24 hours, per Coinglass data.The top altcoin saw a rejection around the