According to Bernstein's December 2 report, the US Ethereum exchange-traded fund (ETF) may soon launch a staking yield feature. Bernstein analysts said: "We believe that the ETH staking yield feature is likely to be approved under the leadership of the Trump 2.0 new crypto-friendly [Securities Exchange Commission]." The data shows that the annualized percentage return (APR) on ETH-denominated ETH pledges was about 3.1% as of December 2, and Bernstein said: "We believe that ETH yields can rise further to 4-5% as the level of activity on the Ethereum blockchain network increases."