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
HDFC Bank taps Jimmy Tata as executive director, pending RBI approval
Kroger's Fiscal Q2 Results 'More Balanced' Than Comparable Sales Miss Suggests, UBS Says
Bit Mining increases Ethereum holdings by $68 million, approaching 6 million ETH held
Autodesk Up Nearly 8%, on Pace for Largest Percent Increase Since August 2025 -- Data Talk
Crypto prices
More
