American retail trading giant Robinhood has reportedly grown its digital asset holdings substantially in the past six months, according to an on-chain expert.<\/p>\n
Parsing through data from blockchain intelligence firm Arkham, Coinbase director Conor Grogan estimates that Robinhood\u2019s Bitcoin (BTC<\/a>) stash has grown 14%, adding to its $23.59 billion holdings.<\/p>\n At the same time, Grogan says<\/a> Robinhood users\u2019 Ethereum (ETH<\/a>) holdings have decreased.<\/p>\n \u201cRobinhood\u2019s BTC holdings have increased by ~14% in the last 6 months; meanwhile user ETH holdings have actually decreased ~9%<\/em><\/p>\n Retail users are beginning to come back to crypto, just not to ETH so far.\u201d<\/em><\/p>\n Grogan says that based on his analysis of Arkham\u2019s data, Robinhood\u2019s BTC wallet is the third biggest in existence, just behind crypto exchanges Binance and Bitfinex.<\/p>\n \u201cAll are estimates pulled together with Arkham\u2019s tags as well as a few of my own<\/em><\/p>\n Robinhood\u2019s cold storage address is the 3rd largest single BTC wallet, owning .69% of all BTC ever made.\u201d<\/em><\/p>\n According to Grogan, Robinhood missed out on a 1,300% gain by not holding Solana, instead opting to avoid SOL<\/a> due to it being listed as an unregistered security by the U.S. Securities and Exchange Commission (SEC).<\/p>\n Robinhood holds no Solana, as they force sold it on behalf of all their users for $14, the absolute bottom, causing them to miss out on the 1300% returns since pic.twitter.com\/cfNY2cb82q<\/a><\/p>\n \u2014 Conor (@jconorgrogan) April 7, 2024<\/a><\/p>\n<\/blockquote>\n At time of writing, Bitcoin is trading at $71,869.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>   Featured Image: Shutterstock\/Ongky Ady Widyanto<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" American retail trading giant Robinhood has reportedly grown its digital asset holdings substantially in the past six months, according to an on-chain expert. Parsing through data from blockchain intelligence firm Arkham, Coinbase director Conor Grogan estimates that Robinhood\u2019s Bitcoin (BTC) stash has grown 14%, adding to its $23.59 billion holdings. At the same time, Grogan […]<\/p>\n","protected":false},"author":2,"featured_media":279820,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-279819","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/279819","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=279819"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/279819\/revisions"}],"predecessor-version":[{"id":279822,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/279819\/revisions\/279822"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/279820"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=279819"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=279819"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=279819"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
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