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Cathie Wood: Ethereum Staking Redemption Demand Surges Possibly Due to Robinhood Offering 2% Reward
BlockBeats News, July 26th, in response to community inquiries about the sudden surge in demand for Ethereum staking rewards, ARK Invest CEO Cathie Wood replied, "Robinhood is offering a 2% matching bonus for cryptocurrency transfers, venture capitalists and other investors are staking their ETH to Treasury Companies (DATs) 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 clients with BTC and ETH investment opportunities."
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