Robinhood Lists Recently Approved Spot Bitcoin ETFs

Reading Time: < 1 minute

Robinhood, an investment app based in the US, has announced it now offers all 11 spot Bitcoin exchange-traded funds for both retirement and brokerage accounts.

Johann Kerbrat, general manager of Robinhood Crypto, stated in a press release that the company believes cryptocurrency is the future of finance and that expanded access to Bitcoin through ETFs will benefit the industry.

CEO Vlad Tenev also commented that the Securities and Exchange Commission’s approval of the ETFs will improve risk management for customers who invest in cryptocurrency.

However, Vanguard, another investment platform, announced on Thursday that it will not allow users with its brokerage accounts to purchase the ETFs due to their speculative and unregulated nature, which does not align with the company’s long-term investment philosophy.