ARK Invest Report: ETH Is Showing U.S.-Like Bond Properties

ARK Invest's latest report suggests that ETH is demonstrating properties in the digital asset space that are similar to those of U.S. Treasuries.ETH pledge yields are viewed as a measure of smart contract activity and economic cycles in the digital asset space, similar to the federal funds rate in traditional finance. The report highlights that ETH, despite its volatility, is emerging as an important asset as one of the most established cryptocurrencies, with its widespread collateral use and potential to generate income. With the launch of spot ETH ETFs, the acceptance of ETH may increase and volatility may decrease.