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.
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