Vlad Tenev, CEO of the funding app Robinhood, stated that the agency will start providing spot bitcoin exchange-traded funds as quickly as it can.
The assertion got here proper after the Securities and Change Fee introduced the approval of spot bitcoin ETFs for the primary time. Now, 11 spot bitcoin ETFs can be begin buying and selling as quickly as tomorrow.
“Thrilling replace from Washington at this time! As a pioneer in providing spot crypto buying and selling, Robinhood is thrilled in regards to the SEC’s choice to approve spot Bitcoin ETFs,” Tenev wrote on the social media platform X.”
“We have been forward of the curve in crypto entry, and we plan to list these ETFs on Robinhood as quickly as doable,” Tenev added. “This milestone enhances the mixing of cryptocurrencies with conventional finance. It not solely provides readability but additionally opens avenues for stylish danger administration instruments that profit our prospects in managing their digital asset investments.”
Danger administration methods
Tenev stated that Robinhood has instructional supplies on bitcoin, ETFs and danger administration methods.
Robinhood, which provides cryptocurrency buying and selling on its platform, said last month that volumes had surged amid an ongoing rally.
The 11 tradable spot bitcoin ETFs authorised on Wednesday embody funds from Bitwise, Grayscale, Hashdex, BlackRock, Valkyrie, BZX, Invesco, VanEck, WisdomTree, Constancy and Franklin Templeton.
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