Is crypto money shifting to traditional finance on a large scale? VCs rush to transfer ETH into new treasury tools, and the release of pledges reveals flaws

Crypto assets are gradually integrating into traditional financial frameworks. Famous investor Cathie Wood recently pointed out that Robinhood offers a 2% reward for crypto transfers, and venture capital firms and other investors are moving their staked ETH into so-called "Decentralized Asset Treasuries (DATs)" to potentially double their returns after the unlock period. This strategic shift driven by the ETH unstaking trend shows that the crypto market is rapidly aligning with financial traditions.

Robinhood Launches 2% Reward to Attract Users to Crypto Assets

Cathie Wood posted on X (formerly Twitter) that Robinhood offers a 2% reward for crypto currency transfers, which not only enhances platform attractiveness but may also stimulate funds to re-enter the crypto market. This new policy also echoes the recent trend of surging ETH unstaking demand.

Background: To promote its platform, Robinhood is hosting a limited-time event from March 14 to March 31, 2025. If eligible users complete ACATS (Automated Customer Account Transfer Service) transfers, Robinhood will provide a 2% cash reward based on the "net transferred asset value".

Funds Shifting to "DATs": New Game Rules for Venture Capital Firms

According to Wood, many venture capital firms and institutional investors are moving staked ETH into companies called "Decentralized Asset Treasuries (DATs)". These companies allow investors to potentially double their assets after the unlock period. Treasury stocks like MicroStrategy ($MSTR) and BMNR are becoming a way for traditional financial advisors to establish BTC and ETH positions for clients, indicating that crypto investments are quietly being incorporated into standard financial asset portfolios.

ETH Unstaking Surge: Why Are Funds Fleeing Staking Contracts?

Charts show a significant spike in Ethereum's unstaking queue time over the past two weeks. ARK Invest researcher Brett Winton also questioned: "Why is there such a massive unstaking demand recently?" This change may be related to investors moving funds to DATs or other high-return tools. The attractiveness of staking rewards is gradually diminishing, and instead of locking funds and waiting for returns, investors prefer moving to faster-returning asset types.

Expanding "False Growth"? 8 Billion Bubble Concerns Emerge

According to a Forbes report on July 24, 2025, some "crypto treasury companies" like SharpLink Gaming have not actually purchased new ETH but are merely redistributing existing assets. This means the alleged asset growth is built on inflated share values rather than actual capital increase. The report speculates that this operation might lead to an 80 billion dollar market value bubble.

Mainstream Financial Doors to Open: Bit ETF May Enter US Four Major Brokerages by Year-End

Bitwise's investment head stated that mainstream financial institutions like Merrill Lynch, Morgan Stanley, Wells Fargo, and UBS are expected to open Bit ETF trading by the end of 2025. This is a significant market positive, meaning more compliant funds can legally flow into the crypto realm, echoing Cathie Wood's view of "treasury stocks as an investment bridge".

From Robinhood's incentive policy to institutional investors moving ETH to treasury platforms, and to mainstream brokerages considering Bit ETF openings, the crypto world and traditional finance are rapidly merging. This trend not only changes fund flows but also reshapes the logic of future asset allocation. In the coming months, where unstaked funds will go will be a key indicator of this asset reorganization wave.