Image Credit: Crypto News

Jan 13, 2024

Robinhood Adds 11 Bitcoin ETFs – SEC Milestone

By: Bhumi Shrivastava

Robinhood sees increased access to Bitcoin via ETFs as a positive step for the financial industry's future.

Crypto Future

Image Credit: CoinGape

Vlad Tenev views the SEC's approval as a milestone, enhancing risk management for customers in crypto investments.

CEO's View

Image Credit: Crypto News Flash

Vanguard opts against allowing users to buy the ETFs, citing their highly speculative and unregulated nature.

Vanguard's Stance

Image Credit: Crypto News

The 11 ETFs include offerings from Bitwise, Grayscale, Hashdex, BlackRock, Valkyrie, BZX, Invesco, VanEck, WisdomTree, Fidelity, and Franklin Templeton.

Image Credit: Crypto News

Diverse Choices

Robinhood's move is seen as a positive development, integrating digital assets further into traditional investment portfolios.

Industry Impact

Image Credit: Milk Road

With $94.4 billion in assets reported at the end of November 2023, Robinhood continues to expand its financial presence.

Growing Assets

Image Credit: CoinMarketCap