Celsius’ Withdrawal Freeze Created Ethereum ($ETH) Arbitrage Opportunity, Says Ark Invest Analyst

Celsius Network’s withdrawal freeze earlier this month created an Ethereum ($ETH) arbitrage opportunity for patient traders, according to Cathie Wood’s Ark Investment Management, as staked Ethereum tokens started trading at a discount. Ark analyst Frank Downing noted in a newsletter that the cryptocurrency lender generated yield through institutional lending, mining, and decentralized finance (DeFi) lending. […]