On May 6, the financial services company Robinhood announced the firm has listed Grayscale’s Bitcoin Trust (GBTC) and Ethereum Trust (ETHE). Robinhood customers can now gain access the crypto investment products in order to get exposure to bitcoin or ethereum without actually owning the digital currencies.
Grayscale is also in the midst of trying to get its trust converted into an exchange-traded fund (ETF). However, the SEC has been an obstacle for bitcoin spot ETFs to emerge and the U.S. regulator has yet to approve a bitcoin spot ETF.
What do you think about Robinhood adding GBTC and ETHE? Let us know what you think about this subject in the comments section below.
