Robinhood to List the 11 Spot Bitcoin ETFs, That Were Approved by the SEC
Robinhood plans to introduce 11 new Bitcoin spot ETFs that have received approval from the US Securities and Exchange Commission (SEC), marking a significant development in the world of financial instruments related to digital assets.
CEO Vlad Tenev conveyed his enthusiasm for these groundbreaking approvals, emphasizing their role in advancing risk management for investments in digital assets. In addition to the ETF listings, Robinhood is providing educational resources on Bitcoin, ETFs, and strategies for managing investment risks.
The upcoming listing will feature spot Bitcoin ETFs from prominent companies such as Bitwise, Grayscale, and BlackRock. Although the specific listing date hasn’t been disclosed by Robinhood, the launch is anticipated in the near future.
The company’s expansion into the European market in November 2023 underscores its rapid growth. The successful introduction of the Robinhood Crypto app in EU countries suggests a proactive approach to new ventures, hinting at the potential imminent listing of Bitcoin spot ETFs on the Robinhood app.
READ MORE: SkyBridge CEO Predicts Massive Bitcoin Growth
Over the past 24 hours, Bitcoin’s price has experienced notable fluctuations, currently resting at $45,900 after a peak of $47,647. This market movement aligns with the SEC’s approval of Bitcoin spot ETFs. Bitcoin’s market capitalization has surged beyond $900 billion, indicating positive market sentiment.
The BTC Fear and Greed index registers an “extreme greed” score of 76, signaling a high level of investor confidence.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
