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Cathie Wood: The surge in demand for Ethereum pledge redemption may be due to Robinhood's 2% reward
10hours ago

Odaily Planet Daily News: In response to questions in the community about the "sudden surge in demand for Ethereum pledge redemption", ARK Invest CEO Cathie Wood replied: "Robinhood offers a 2% matching reward for cryptocurrency transfers, and venture capitalists and other investors transfer pledged 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 clients with BTC and ETH investment opportunities."