[ccpw id="5"]

Home Business Robinhood Lists Grayscale's Bitcoin and Ethereum Trusts

Robinhood Lists Grayscale’s Bitcoin and Ethereum Trusts

-

Robinhood Lists Grayscale’s Bitcoin and Ethereum Trusts

< img width =" 1280" height =" 720" src=" https://static.news.bitcoin.com/wp-content/uploads/2022/05/shutterstock_1925038817.jpg" class=" story __ img short article __ poster "alt=" Robinhood Lists Grayscale's Bitcoin and Ethereum Trusts" loading =" lazy" > On May 6, the monetary services business Robinhood revealed the firm has actually noted Grayscale’s Bitcoin Trust( GBTC) and Ethereum Trust( ETHE). Robinhood consumers can now get the crypto investment products in order to get direct exposure to bitcoin or ethereum without actually owning the digital currencies.

In Addition to Cryptos, Robinhood Includes Grayscale’s GBTC and ETHE

This week Robinhood added GBTC and ETHE to the company’s platform and the company’s brokerage account customers can now purchase or sell GBTC and ETHE stock and alternatives commission-free.

Robinhood adding GBTC and ETHE investment items follows the firm rolling out its crypto wallet throughout the very first week of April. On April 12, 2022, Robinhood noted shiba inu (SHIB), substance (COMPENSATION), polygon (MATIC), and solana (SOL).

The founder and CEO of Digital Currency Group (DCG), the parent company of Grayscale Investments, Barry Silbert, was enjoyed see Robinhood list GBTC and ETHE. “Lastly,” Silbert tweeted. “You can now trade Grayscale Bitcoin Trust and Grayscale Ethereum Trust on Robinhood.”

Year-to-date data show GBTC is down 46.63% and ETHE is down 44.08%. Grayscale recently submitted a Form 10 with the U.S. Securities and Exchange Commission (SEC) for a Zcash Trust, Stellar Lumens Trust, and Horizen Trust.

Grayscale is likewise in the middle of trying to get its trust transformed into an exchange-traded fund (ETF). However, the SEC has actually been a challenge for bitcoin spot ETFs to emerge and the U.S. regulator has yet to authorize a bitcoin area ETF.

Grayscale Investments’ CEO Michael Sonnenshein recently explained in an interview that the SEC could potentially violate the Administrative Procedure Act if a bitcoin spot ETF is entirely rejected.

The firm’s chief legal officer, Craig Salm, explained what the conversion process would look like if the trust became an ETF. “GBTC share prices will likely move to trade in line with NAV,” Salm detailed. “Then, the shares would be uplisted from OTCQX to NYSE Arca,” the primary legal officer added.

Grayscale Investments is also asking people to get included with the effort to get the U.S. regulator to authorize the conversion of GBTC to an ETF.

Prior to including Grayscale’s Bitcoin Trust and Ethereum Trust, Robinhood began its European growth and just recently got the UK crypto business Ziglu. In addition, last month the co-founder and CEO of Robinhood, Vladimir Tenev, went over how DOGE could scale with Tesla’s Elon Musk.

Tags in this story
Barry Silbert, Bitcoin Ethereum, bitcoin area etf, bitcoin trust, Craig Salm, DCG, Digital Currency Group, ETF, ETHE, Ethereum Trust, GBTC, grayscale, Grayscale Investments’ CEO, Grayscale’s chief legal officer, Horizen Trust., Michael Sonnenshein, Laws, regulator, Robinhood, SEC, Stellar Lumens Trust, The SEC, Trusts, United States SEC, Zcash Trust

What do you consider Robinhood including GBTC and ETHE? Let us understand what you think about this subject in the comments area below.

Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a monetary tech journalist living in Florida. Redman has actually been an active member of the cryptocurrency community because 2011. He wants Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has composed more than 5,000 posts for Bitcoin.com News about the disruptive procedures emerging today.




Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This post is for informative purposes just. It is not a direct offer or solicitation of an offer to purchase or sell, or a recommendation or endorsement of any products, services, or business. Bitcoin.com does not supply investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss triggered or alleged to be triggered by or in connection with using or reliance on any content, items or services discussed in this article.

Read disclaimer

In Case You Missed It Released at Sun, 08 May 2022 06:00:56 +0000

LEAVE A REPLY

Please enter your comment!
Please enter your name here

LATEST POSTS

Blockchain Financing in Africa Beats Others down 11 Times: Report

Blockchain Funding in Africa Beats Others down 11 Times: Report Africa's blockchain venture financing growth was 11 times the growth of basic endeavor financing development...

ESG Research Study Reveals Bitcoin Mining’s Possible to Remove 0.15% of Worldwide Warming by 2045, Claims No Other Technology Can Do Much Better

ESG Research Study Shows Bitcoin Mining's Prospective to Remove 0.15% of Global Warming by 2045, Claims No Other Technology Can Do Much Better In recent...

ESG Study Shows Bitcoin Mining’s Prospective to Remove 0.15% of Global Warming by 2045, Claims No Other Technology Can Do Much Better

ESG Study Reveals Bitcoin Mining's Prospective to Remove 0.15% of Global Warming by 2045, Claims No Other Innovation Can Do Better In recent times, the...

ESG Research Study Reveals Bitcoin Mining’s Possible to Eliminate 0.15% of Global Warming by 2045, Claims No Other Innovation Can Do Better

ESG Study Reveals Bitcoin Mining's Potential to Eliminate 0.15% of Global Warming by 2045, Claims No Other Innovation Can Do Better In recent times, the...

Follow us

0FansLike
3,305FollowersFollow
0SubscribersSubscribe

Most Popular

Blockchain Financing in Africa Beats Others down 11 Times: Report

Blockchain Funding in Africa Beats Others down 11 Times: Report Africa's blockchain venture financing growth was 11 times the growth of basic endeavor financing...

ESG Research Study Reveals Bitcoin Mining’s Possible to Remove 0.15% of Worldwide Warming by 2045, Claims No Other Technology Can Do Much Better

ESG Research Study Shows Bitcoin Mining's Prospective to Remove 0.15% of Global Warming by 2045, Claims No Other Technology Can Do Much Better In...

ESG Study Shows Bitcoin Mining’s Prospective to Remove 0.15% of Global Warming by 2045, Claims No Other Technology Can Do Much Better

ESG Study Reveals Bitcoin Mining's Prospective to Remove 0.15% of Global Warming by 2045, Claims No Other Innovation Can Do Better In recent times,...

ESG Research Study Reveals Bitcoin Mining’s Possible to Eliminate 0.15% of Global Warming by 2045, Claims No Other Innovation Can Do Better

ESG Study Reveals Bitcoin Mining's Potential to Eliminate 0.15% of Global Warming by 2045, Claims No Other Innovation Can Do Better In recent times,...

Salvador Dalí Enters The Metaverse With an Immersive Art Exhibition

Salvador Dalí Goes Into The Metaverse With an Immersive Art Exhibition Perhaps millions of art fans will now be able to take pleasure in the...