Cathie Wood: Surge in Ethereum Staking Redemption Demand May Be Due to Robinhood Offering 2% Rewards
According to Jinse Finance, Ark Invest founder and CEO Cathie Wood stated on the X platform: Robinhood offers a 2% matching commission for cryptocurrency transfers, while venture capitalists and other investors are transferring staked ETH into treasury-type public companies (DAT) to earn returns after the lock-up period ends. Similar to MSTR and BMNR, these "crypto treasury-type" public companies also serve as a way for brokers and investment advisory firms to provide clients with investment opportunities in BTC and ETH.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin OG opens 5x ETH short position worth $15.04 million
Current mainstream CEX and DEX funding rates indicate the market remains broadly bearish
The Crypto Fear Index rises to 28, escaping the "Extreme Fear" zone
Analyst: The current macro environment is similar to the pandemic period, and bitcoin still has room to rise
Trending news
MoreCrypto prices
More
