The latest report from ARK Invest points out that ETH is exhibiting similar properties to US Treasuries in the digital asset space. The ETH pledge yield is seen as an indicator 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, although volatile, is becoming an important asset as one of the most mature cryptocurrencies with its extensive use of collateral and potential to generate returns. With the launch of spot ETH ETFs, the acceptance of ETH may increase and volatility may decrease.