Retail Trading Giant Robinhood Lists Newly Approved Spot Bitcoin (BTC) Exchange-Traded Funds
Retail buying and selling big Robinhood has listed the newly accepted spot Bitcoin (BTC) exchange-traded funds (ETFs).
The 11 greenlit BTC ETFs grew to become accessible to the corporate’s prospects on Thursday morning in each retirement and brokerage accounts by way of Robinhood Monetary, in accordance with a brand new press release.
Robinhood chief govt Vlad Tenev says the brand new Bitcoin monetary merchandise assist combine crypto and conventional finance.
“It not solely provides readability but in addition opens avenues for classy threat administration instruments that profit our prospects in managing their digital asset investments.
Our ethos is ‘participation is energy’. To empower our customers, Robinhood gives academic supplies on Bitcoin, ETFs, and threat administration methods. We provide numerous funding choices by way of Robinhood Monetary and cutting-edge crypto buying and selling through Robinhood Crypto.
Our purpose stays to ship the most secure, most cost-effective, and reliable crypto expertise in 2024. Keep tuned for extra developments as we proceed to bridge the hole between crypto and conventional monetary methods.”
On Wednesday, the SEC greenlit all 11 spot Bitcoin ETFs that have been into consideration, together with BlackRock, Constancy, Grayscale, VanEck, Bitwise, Franklin, Valkyrie, Hashdex, Ark Make investments, WisdomTree and Invesco Galaxy.
Bitcoin ETF candidates labored with the SEC for months to refine their proposals. The regulator accepted the launch of the nation’s first Bitcoin futures ETFs in October 2021 however had denied all spot Bitcoin ETF functions till this week.
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