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Jan 13, 2024
By: Bhumi Shrivastava
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Robinhood sees increased access to Bitcoin via ETFs as a positive step for the financial industry's future.
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Vlad Tenev views the SEC's approval as a milestone, enhancing risk management for customers in crypto investments.
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Vanguard opts against allowing users to buy the ETFs, citing their highly speculative and unregulated nature.
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The 11 ETFs include offerings from Bitwise, Grayscale, Hashdex, BlackRock, Valkyrie, BZX, Invesco, VanEck, WisdomTree, Fidelity, and Franklin Templeton.
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Robinhood's move is seen as a positive development, integrating digital assets further into traditional investment portfolios.
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With $94.4 billion in assets reported at the end of November 2023, Robinhood continues to expand its financial presence.
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