Crypto Investors Move 'Pretty Wide' Amid Dip: Robinhood Exec

Johann Kerbrat, Robinhood's head of crypto, observed that during the current market downturn, customers are viewing the dip as a buying opportunity and are diversifying their crypto holdings beyond the top two assets, Bitcoin (BTC) and Ether (ETH), moving "pretty wide."

This trend suggests investors may be growing more comfortable with crypto's volatility. Previously, in November, Coinbase Asset Management president Anthony Bassili noted the market was unsure about the third major asset after BTC and ETH, though Solana (SOL) was a possibility. Meanwhile, Basil Al Askari, CEO of MidChains, stated that institutional asset managers are entering with large block trades primarily into the top 20 assets, indicating cautious, incremental adoption.

Kerbrat also highlighted increased engagement, noting strong traction for staking since Robinhood introduced it in December, and growing exploration of decentralized finance (DeFi) among holders, despite overall market sentiment remaining in "Extreme Fear" and recent net outflows from US spot Bitcoin ETFs.

(Source：Cointelegraph)