US investment app Robinhood presentation Starting today, 11 spot Bitcoin exchange-traded funds are now available for use in both retirement and brokerage accounts.
“We believe that cryptocurrencies are the financial framework of the future and have become more accessible. Bitcoin BTC
-0.86%
Investment platform CEO Vlad Tenev said on Wednesday: The “milestone” approval from the Securities and Exchange Commission opens the door to better risk management for clients when it comes to managing their cryptocurrency investments.
Meanwhile, Vanguard said on Thursday: won’t allow Users with brokerage accounts to buy ETFs said they were “highly speculative,” “unregulated,” and did not fit the company’s long-term investment philosophy.
11 Tradeable Spot Bitcoin ETFs Approved on Wednesday Funding was raised from Bitwise, Grayscale, and Hashdex. black stoneValkyrie, BZX, Invesco, VanEck, WisdomTree, Fidelity and Franklin Templeton.
Reported by Robinhood $94.4 billion Assets under management as of the end of November 2023
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About the author
Danny Park is The Block’s East Asia reporter, writing about topics including Web3 development and cryptocurrency regulation in the region. He previously worked as a reporter for Forkast.News, where he actively covered the fall of Terra-Luna and FTX. Based in Seoul, Danny previously produced written and video content for media companies in Korea, Hong Kong and China. He holds a Bachelor’s degree in Journalism and Business Marketing from the University of Hong Kong.