Robinhood turns out to be the third largest single holder of Bitcoin wallets. According to Coinbase director Conor Grogan, Robinhood controls 0.69% of the total BTC supply. This means Robinhood owns approximately $9.5 billion worth of Bitcoin. In the last six months, Robinhood's Bitcoin reserves have increased by 14%. However, Ethereum (ETH) reserves decreased by 9% during the same period. “Retail users are moving back to crypto, but not ETH for now,” Grogan said. said. Bitcoin has increased in value by over 70% since the beginning of 2024, while Ethereum is up only 58%. 📉