Reported 2 days ago
Cathie Wood, CEO of Ark Invest, is shifting her focus towards Ethereum treasury companies after selling off shares of Robinhood and Coinbase. Amid a notable surge in Ethereum 'unstaking' due to rising borrowing costs, Wood theorizes that investors are moving staked ETH to treasury firms to maximize returns as part of a broader strategy. This shift highlights the increasing integration of cryptocurrencies like Ethereum within institutional investment portfolios, as seen with companies like BitMine.
Source: YAHOO