Breaking: Cathie Wood Explains Surge in ETH Unstaking — Points to Robinhood Incentives
📉ARK CEO @CathieDWood responded to concerns over the recent spike in @Ethereum unstaking demand, attributing it to Robinhood App 2% matching rewards for crypto transfers.
🔁According to Wood, venture capitalists and other investors are moving staked ETH to Digital Asset Treasuries (DATs) to capitalize on the incentive—aiming to double funds once advisory firm restrictions end.
