Home Ethereum Robinhood Lists Grayscale Bitcoin and Ethereum Trusts

Robinhood Lists Grayscale Bitcoin and Ethereum Trusts

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Tomiwabold Olajide

Grayscale Bitcoin Belief (GBTC) remains to be probably the most widespread publicly traded Bitcoin funds

As shared by Barry Silbert, DCG (Grayscale mum or dad) founder, Robinhood has added Grayscale Bitcoin Belief (GBTC) and Grayscale Ethereum Belief (ETHE) to its checklist of property obtainable for buying and selling on its platform.

Grayscale Bitcoin Belief (GBTC) remains to be probably the most widespread publicly traded Bitcoin funds. Since its inception because the Bitcoin Funding Belief in 2013, GBTC has grown to handle over $25 billion in whole property and has attracted over 100 institutional buyers.

Grayscale Ethereum Belief (ETHE) is fully and passively invested in ETH, permitting buyers to accumulate publicity to ETH within the type of securities whereas avoiding the difficulties of instantly buying, storing and safeguarding ETH.

Final April, Robinhood introduced the addition of 4 extra crypto property to its platform; specifically Compound, Polygon, Solana and Shiba, Inu, with extra on the best way. The identical month, Robinhood started rolling out crypto wallets to the greater than two million folks on its ready checklist, and it just lately accomplished deployment to all prospects.

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Robinhood had additionally acknowledged its plans to purchase Ziglu Ltd, a cryptocurrency platform based mostly in the UK, to encourage its enlargement.

Robinhood holds 40.7 billion Dogecoin

Common brokerage app Robinhood continues to carry Dogecoin on behalf of its shoppers, in line with DogeWhaleAlert, a Twitter account targeted on DOGE transactions.

In response to a latest Twitter replace shared by @DogeWhaleAlert, the Robinhood app presently has a complete of 40,762,000,976 Dogecoin, which is valued at $5,356,045,404. That is additionally a whopping 30.72% of the main meme cryptocurrency’s circulating provide.

In response to the tweet, the Dogecoin property are housed in two wallets, 3334959 and 1699275, with eight identified digital addresses.




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