Robinhood Adds Grayscale’s Bitcoin and Ethereum Trusts
On Friday, financial services and trading App Robinhood announced the listing of Grayscale’s Bitcoin Trust (GBTC) and Ethereum Trust (ETHE) to the platform.
With the addition of the investment products, customers can now buy and sell GBTC and ETHE stock and options without commission.
Founder and CEO of Digital Currency Group (DCG), the parent company of Grayscale Investments, Barry Silbert, took to Twitter and shared the news:
Finally! 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
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In April, Robinhood rolled out its new crypto wallets to more than two million customer and in a surprise move it added four new cryptocurrencies to its offering; ‘Dogecoin killer’ Shiba Inu (SHIB), smart contract platform Solana (SOL), Ethereum scaling solution Polygon (MATIC) and lending protocol Compound (COMP).
Grayscale is currently awaiting a decision of the United States Securities and Exchange Commission (SEC) on approval of Grayscale’s Bitcoin Spot exchange-traded fund (ETF). CEO Michael Sonnersheim recently stated that his firm is ready to take on a legal fight with the financial regulator, should the application for its Bitcoin Spot ETF be snubbed.
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Source: igaming
