Cathie Wood says ETH corporate shells create premium-yield crypto proxies
It seems like Cathie Wood’s Ark Invest is rewriting its crypto rulebooks. It suggests moving capital out of direct crypto exposure and into a new class of corporate shells that act as synthetic crypto proxies. While Wood mentions Ethereum and Robinhood, Ark has aggressively trimmed its holdings in Coinbase, HOOD, and Block.
This comes in when Ethereum has gained more than 50% in the last 30 days. ETH price went to breach $3,800. Data shows that Ethereum’s DeFi total value locked (TVL) jumped by more than 37% over the last month to stand at $82.88 billion. It has finally outperformed Solana. This depicts an uptrend for staking on the Ether chain.
Is this Crypto’s new leverage cycle?
In an X post, Cathie Wood mentioned that…
