Last Updated on January 12, 2024 by Bitfinsider
The company, Robinhood states that you can now trade any approved exchange-traded fund on the platform. An additional perk provided by the site is a 1% incentive for users who move their brokerage account to Robinhood.
Vlad Tenev, the CEO of the business, had earlier stated that Robinhood would list all 11 of the top Bitcoin ETFs “as soon as possible.” The incorporation of cryptocurrency assets into TradFi is made easier by this method. Tenev adds that spot Bitcoin ETFs offer fresh chances to develop advanced risk management instruments that assist investors.
Eleven applications for spot exchange-traded funds based on the original Bitcoin have been authorized by the SEC. Bitwise, Grayscale, Hashdex, BlackRock, Valkyrie, BZX, Invesco, VanEck, WisdomTree, Fidelity, and Franklin Templeton are among the issuers that qualify. The SEC made Chairman Gary Gensler’s speech available along with the approval order. He acknowledged the department’s choice but cautioned about the dangers.
Forms 19b-4 are covered by the approval order; nevertheless, issuers need further S-1 approval before they can launch on the markets. These documents are currently being examined by the Commission, most likely in time for the auction to begin.
Hardware wallets are safe and secure devices that can be used offline. They keep your cryptocurrency offline, making it impossible for you to be hacked. To find out more on the leading hardware wallets, you may view our reviews here: Ledger & Trezor
Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.