BTC and ETH are still rising? Sister Wood echoed the sentiment of the recent surge in ETH unstaking.
It said that Robinhood has recently offered a 2% moving reward to users who are willing to deposit coins. There are also more and more VCs and investors who are transferring their staked ETH to listed companies that specialize in hoarding ETH.
Because such companies will give additional share incentives or discounts, the yield may double after the lock-in expires.
For example, the Bitcoin microstrategy MSTR exchanges all cash for BTC, and the Ethereum microstrategy BMNR exchanges all cash for ETH, their stocks are essentially variants of Bitcoin or Ethereum ETFs.
Traditional large brokerages cannot directly help customers buy coins, but they can provide exposure to buy these micro-strategy stocks, indirectly helping new investors enter the currency circle.
Robinhood offering a 2% match for crypto transfers, and VCs and other investors shifting staked ETH into Treasury companies (DATs) to double their money when lockups expire. As with $MSTR $BMNR,Treasury stocks are a way wirehouse advisors can give clients exposure to BTC and ETH.
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