Robinhood launches all spot Bitcoin ETF trading
Robinhood Launches Spot Bitcoin ETF: Less than 24 hours after Robinhood CEO Vlad Tenev pledged to launch a spot Bitcoin ETF, 11 approved active products are now available for trading on the app. This provides retail investors with new opportunities to purchase ETFs, specifically making them available to retirement accounts and brokerage accounts.
Commission-free trading: Robinhood offers commission-free trading on ETFs, making it one of the cheapest places to buy newly launched financial products. Users can purchase on the app just like buying ordinary stocks or ETFs.
Bitcoin buying options: Despite the ETF listing, users can still purchase Bitcoin directly. Robinhood is committed to democratizing access to the most relevant financial products.
Geographic Restrictions: These 11 spot Bitcoin ETFs are only available to customers residing in the United States.
Risk Disclosure: Robinhood has detailed risk disclosures related to its spot Bitcoin ETF, as required by the U.S. Securities and Exchange Commission (SEC).
Transaction data:
On the first trading day, the total trading volume of the 11 spot Bitcoin ETFs was 700,000 transactions. Grayscale leads in transaction volume with a total of 246,340 transactions, while BlackRock is at the bottom with 174,720 transactions. Grayscale led the way with a huge transaction volume of US$2.093 billion, bringing the total transaction volume to US$4.11 billion.
hint:
Investment involves risks, so please be cautious when entering the market. This information is not intended as investment and financial management advice. Invest rationally and improve risk prevention awareness.
