Arkham Intelligence has identified Robinhood as one of the top Ethereum holders, ranking fifth in terms of Ethereum holdings.

[Lemon]

According to Arkham Intelligence, Robinhood controls the fifth-largest wallet in terms of Ethereum holdings. They stated, "While Robinhood's status as the third-largest Bitcoin wallet holder has been widely reported, most reports overlook the fact that they are also the fifth-largest Ethereum wallet holder, with holdings of ETH worth $2.54 billion." In a separate tweet, Arkham clarified that the funds in the wallet are held for user balances, as per the SEC's requirement for Robinhood to maintain a 1:1 ratio of cryptocurrency holdings to user balances. Arkham also mentioned that Robinhood's associated wallet holds other cryptocurrencies, including 122,076 BTC ($3.3 billion), 341 trillion Shiba Inu ($277.8 million), 4.9 million LINK ($29.7 million), and 2.6 million AVAX ($29.6 million).