Robinhood will soon list on its app the new 11 ETFs on Bitcoin spot just approved by the Securities and Exchange Commission (SEC) of the USA. The CEO of the trading platform, Vlad Tenev, has shared his enthusiasm and revealed the decision on X.
Summary
Robinhood: the 11 SEC-approved Bitcoin spot ETFs will soon be listed
Vlad Tenev, CEO of Robinhood, has revealed on X the company’s decision to soon list the 11 newly approved Bitcoin spot ETFs by the United States Securities and Exchange Commission (SEC).
“An exciting update from Washington today! As a pioneer in offering spot cryptocurrency trading, Robinhood is thrilled about the announcement from @SECGov.
@SECGov of approving Bitcoin ETFs. We have been at the forefront of cryptocurrency access and plan to list these ETFs on
@Robinhoodapp as soon as possible.
This milestone improves the integration of cryptocurrencies with traditional finance. Not only does it provide clarity, but it also paves the way for sophisticated risk management tools that benefit our clients in managing their investments in digital assets.”
Specifically, Tenev expresses his enthusiasm for the first approval in the USA of these financial instruments. Moreover, according to the CEO of Robinhood, Bitcoin spot ETFs pave the way for sophisticated risk management tools, as well as management of investments in digital assets.
Not only that, the tweet goes on to inform users that Robinhood also provides educational material on Bitcoin, ETFs, and risk management strategies.
Robinhood and the listing of the 11 newly approved Bitcoin spot ETFs
The 11 ETFs on Bitcoin spot approved for the first time in the USA will start being traded starting from today.
Exactly, these include funds from Bitwise, Grayscale, Hashdex, BlackRock, Valkyrie, BZX, Invesco, VanEck, WisdomTree, Fidelity, and Franklin Templeton.
At the moment, no listing date has been revealed on Robinhood for these exchange-traded funds on spot Bitcoin, except that it will be an operation that will happen “as soon as possible”.
Last November 2023, Robinhood had planned to expand its crypto trading services in the European market. Less than a month later, the Robinhood Crypto app successfully carried out its plan, and it was already available for download in EU countries, both for Android and iOS devices.
This suggests that the listing of Bitcoin spot ETFs on Robinhood will indeed happen very soon.
The price, market cap, and sentiment of BTC in the last 24 hours
At the time of writing, BTC is hovering around the price of $45,900. This price can be considered a readjustment compared to the pump that occurred in the last 24 hours, which had seen BTC reach a peak of $47,647.
This pump is a first response to what happened in the last 24 hours, which is the first approval of Bitcoin spot ETFs by the US SEC.
Not only that, it is worth noting that Bitcoin’s total market cap has exceeded $900 billion this week due to the excitement surrounding this decision finally made yesterday.
And indeed, even the sentiment of Bitcoin seems to be extremely positive. The Fear and Greed index of BTC, in fact, woke up today with a score of 76 “extreme greed”.
