Robinhood users can now trade Grayscales Bitcoin Trust, (GBTC), and Ethereum Trust (ETHE), directly from the Robinhood app. GBTC shares give investors direct exposure to Bitcoin as a security, without the need to store or buy the digital property. ETHE is an open-end financial investment firm whose shares reflect Ethers worth.
Below is a list of our 14 single-asset crypto financial investment funds as at 5/2/2022. AUM and other statistics on all Grayscale items are upgraded daily on our website: https://t.co/smju2moRYQ$BAT $BCH $BTC $ETC $ETH $FIL $LINK $LPT $LTC $MANA $SOL $XLM $ZEC $ZEN pic.twitter.com/sv5FLsd0uW
— Grayscale (@Grayscale) May 2, 2022
Grayscales Bitcoin Trust, the biggest investment car for the most popular crypto asset, is managed by Grayscale. The trust managed $24.6 billion of assets since May 2. Grayscales Ethereum Trust had more than $329 million in properties.
Robinhood is a discount rate brokerage that allows retail investors to have low-barrier access to the financial markets. The firms first quarter income fell by 43% year over year as cryptocurrency trading sales visited 39%. Robinhoods cumulative net funded accounts increased 27% over the previous year despite this decrease. Robinhood currently notes more than 20 cryptocurrencies that can be traded on its platform.
! You can now trade Grayscale Bitcoin Trust and Grayscale Ethereum Trust on Robinhood$ GBTC $ETHE https://t.co/MzOJxvI7GG
Barry Silbert (@BarrySilbert), May 6, 2022
Grayscale, a digital asset manager, has actually made its flagship Bitcoin (BTC), and Ether (ETH), products offered on Robinhood. Robinhood is a popular trading app thats open to millions of retail clients.
Related: Robinhood fires almost 1/10 of its staff as the stock drops to an all-time low
The very first half of 2021 saw crypto adoption peak among retail traders. This corresponded with numerous record highs in Bitcoin and the broader market. As evidenced by Google search trends, and the absence of capital entering the marketplace, retail interest in crypto has actually dropped significantly.
Robinhood users can now trade Grayscales Bitcoin Trust, (GBTC), and Ethereum Trust (ETHE), directly from the Robinhood app. Robinhood is a discount rate brokerage that enables retail investors to have low-barrier access to the monetary markets. Robinhoods cumulative net funded accounts increased 27% over the previous year in spite of this decrease. Robinhood presently lists more than 20 cryptocurrencies that can be traded on its platform.