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Cathie Wood: Surge in Ethereum staking redemption demand possibly due to Robinhood offering 2% reward
Summary: In response to questions about the sudden surge in Ethereum staking redemption demand in the community, ARK Invest CEO Cathie Wood stated: 'Robinhood is offering a 2% matching reward for cryptocurrency transfers, prompting venture capitalists and other investors to stake their ETH to Treasury companies (DATs) in order to double their funds after the lock-up ...
In response to questions about the sudden surge in Ethereum staking redemption demand in the community, ARK Invest CEO Cathie Wood stated: 'Robinhood is offering a 2% matching reward for cryptocurrency transfers, prompting venture capitalists and other investors to stake their ETH to Treasury companies (DATs) in order to double their funds after the lock-up period.' Similar to MSTR and BMNR, Treasury company stocks are a way for brokerage advisors to provide BTC and ETH investment opportunities to clients.
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Link: Cathie Wood: Surge in Ethereum staking redemption demand possibly due to Robinhood offering 2% reward [Copy]
