Cathie Wood: The surge in demand for Ethereum stake redemptions may be due to Robinhood offering 2% rewards.

robot
Abstract generation in progress

PANews July 26 news, in response to the community's questions about the "sudden surge in demand for Ethereum staking redemptions," ARK Invest CEO Cathie Wood replied: "Robinhood offers a 2% matching reward for crypto asset transfers, venture capitalists and other investors are transferring staked ETH to treasury companies (DATs) in order to double their funds after the lock-up period ends. Similar to $MSTR and $BMNR, treasury company stocks are a way for brokerage advisors to provide clients with BTC and ETH investment opportunities."

ETH1.12%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)