Cathie Wood’s Ark Invest Says Ethereum Is A Big Idea That Will Transform The Financial Services Industry — ETH Is Beginning To ‘Develop Attributes’ Similar To US Treasury Bills
Asset management firm Ark Invest expressed belief in the transformative potential of the Ethereum (CRYPTO: ETH) network for the financial services industry.
What Happened: On Tuesday, Cathie Wood, the influential founder of the company, shared on X a research paper that explained why Ark Invest believes Ethereum and its staking yield would play a critical role in decentralized finance (DeFi).
The paper highlighted Ethereum’s position as an “institutional-grade asset” with yield-bearing potential.
“Our research suggests that, as an asset, ETH is beginning to develop attributes in the digital asset space similar to those of U.S. Treasury bills,” the paper read.
Ark Invest added that ETH and its staking yield were becoming benchmarks, or reference indicators, within the digital asset industry, used to evaluate other Layer 1s, risk profiles, and returns.
Furthermore, the …
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