Staking Superiority: Cryptocurrency Assets vs. S&P 500
Date: 2024-04-04 Author: Henry Casey Categories: CRYPTO PAYMENTS
At the start of 2024, the S&P 500 dividend yield fell to 1.35%, notably below the average annual crypto asset staking yield of 6.1%.
New low for S&P 500 dividend yield
Creative Planning's chief market strategist, Charlie Bilello, notes that the S&P 500 dividend yield hit a new low since the fourth quarter of 2021, falling to 1.35%, only 0.23% above the all-time low of 1.12% recorded in the first quarter. quarter of 2000.
Data from YCharts through December 31, 2023 shows a steady decline in S&P 500 dividend yields since 2022.
According to the Staking Rewards portal, the average return on staking crypto assets reaches 6.1% per annum, which is almost six times higher than the S&P 500.
Promising assets with high returns
Some crypto assets such as Algorand (ALGO), Energi (NRG) and Hydra (HYDRA) offer much higher rates of return, reaching 59.48%, 54.65% and 49.86% respectively.
Several ETF providers have staked Ethereum-based spot exchange-traded fund filings, signaling growing interest in this type of investing.
