The investment firm Robinhood’s CEO, Vlad Tenev, has announced that the investment app will start offering spot Bitcoin ETFs as fast as it can.
This decision comes right after the SEC declared approval of spot Bitcoin ETFs so now 11 spot Bitcoin ETFs will begin trading by tomorrow.
These ETFs are offered by various companies, including Bitwise, Grayscale, Hashdex, BlackRock, Valkyrie, BZX, Invesco, VanEck, WisdomTree, Fidelity, and Franklin Templeton.
“Exciting update from Washington today! As a pioneer in offering spot crypto trading, Robinhood is thrilled about the SEC’s decision to approve spot Bitcoin ETFs,” Tenev shared on Twitter.
According to Tenev, this achievement strengthens the fusion of cryptocurrencies with conventional finance, providing not only transparency but also creating opportunities for advanced risk management tools.
This move is aimed at helping customers effectively manage their investments in digital assets.
