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Robinhood sees investors shift beyond BTC, ETH as Bitcoin ETFs record $3.8B outflows

Johann Kerbrat, head of Robinhood's crypto division, said many investors view the current market as a buying opportunity and are increasingly exploring alternatives beyond Bitcoin and Ethereum, Cointelegraph and ChainCatcher report. Kerbrat noted that Robinhood's crypto holders are actively engaging with use cases such as staking and DeFi despite market uncertainty. However, the Altcoin Season Index shows a Bitcoin Season Score of 33/100, indicating the broader market still primarily favors Bitcoin. Separately, U.S. spot Bitcoin ETFs have posted net outflows for five consecutive weeks, with cumulative withdrawals totaling approximately $3.8 billion.
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