Robinhood has added Grayscale Bitcoin Trust (GBTC) and Grayscale Ethereum Trust (ETHE) to its list of assets available for trading on its platform
Robinhood Lists Grayscale Bitcoin Trust (GBTC), Grayscale Ethereum Trust (ETHE)
Robinhood has added Grayscale Bitcoin Trust (GBTC) and Grayscale Ethereum Trust (ETHE) to its list of assets available for trading on its platform, according to Barry Silbert, founder of DCG (Grayscale parent).
One of the most popular publicly traded Bitcoin funds is Grayscale Bitcoin Trust (GBTC). Since its start in 2013, GBTC has grown to handle over $25 billion in total assets and attracted over 100 institutional investors.
Grayscale Ethereum Trust (ETHE) is fully and passively invested in ETH, allowing investors to gain exposure to the cryptocurrency through securities without the hassles of purchasing, storing, and preserving ETH directly.
Robinhood announced the addition of four new crypto assets to its platform in April, including Compound, Polygon, Solana, and Shiba Inu, with more on the way. HOOD began giving out crypto wallets to the more than two million users on its waiting list the same month, and it recently finished the rollout to all consumers.
To further its expansion, HOOD announced plans to purchase Ziglu Ltd, a cryptocurrency platform based in the United Kingdom.
Robinhood Now Holds 40.7 Billion Dogecoin
According to DogeWhaleAlert, a Twitter account dedicated to DOGE transactions, popular trading software HOOD continues to hold Dogecoin on behalf of its clients.
The Robinhood app currently holds a total of 40,762,000,976 Dogecoin, valued at $5,356,045,404, according to a recent Twitter update given by @DogeWhaleAlert. This is also a whopping 30.72 percent of the circulating supply of the leading meme cryptocurrency.
The Dogecoin assets are held in two wallets, 3334959 and 1699275, with eight known digital addresses, according to the tweet.
