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Crypto app Robinhood lists 11 Bitcoin ETFs
U.S. investment app Robinhood has also listed Bitcoin spot ETFs. Robinhood listed ETFs in its retirement and brokerage accounts.
"Crypto is the financial product of the future"
Making a statement on the subject, company manager Johann Kerbrat said, "Cryptocurrencies are the financial products of the future, and access to Bitcoin investment through ETFs has increased even more. This is also very positive for the industry."
Vlad Tenev, the well-known CEO of the company, also stated that the SEC's decision is a milestone and said, "This approval will allow investors to be more careful about risk management."
ETFs of Bitwise, Grayscale, Hashdex, BlackRock, Valkyrie, BZX, Invesco, VanEck, WisdomTree, Fidelity and Franklin Templeton, which opened for trading yesterday, achieved a total volume of $4.5 billion on the first day.
Robinhood has more than $94 billion in assets under management, according to data from November.
Published: January 12, 2024 09:48Last Updated: January 12, 2024 09:50