Ether Vault Strategies Trailed Staking as Tracked Deposits Rose 15%

Ether (ETH) vault strategies in the tracked data underperformed staking in September, while dollar-focused curators beat Treasuries, showing divergent results across two yield benchmarks for crypto investors. Tracked vault deposits rose about 15% to $9.8 billion, the highest level since November 2025. The increase alone does not show how much came from new deposits, asset-price movements or changes in the tracked sample. The comparisons use different reference points: staking is relevant to ETH holders, while Treasury returns provide a dollar-based benchmark. The September findings therefore reflect separate comparisons rather than one common measure of performance.