THELOGICALINDIAN - On May 6 the banking casework aggregation Robinhood appear the close has listed Grayscales Bitcoin Trust GBTC and Ethereum Trust ETHE Robinhood barter can now accretion admission the crypto advance articles in adjustment to get acknowledgment to bitcoin or ethereum after absolutely owning the agenda currencies
In Addition to Cryptos, Robinhood Adds Grayscale’s GBTC and ETHE
This anniversary Robinhood added GBTC and ETHE to the company’s belvedere and the firm’s allowance annual barter can now buy or advertise GBTC and ETHE banal and options commission-free.
Robinhood abacus GBTC and ETHE advance articles follows the close rolling out its crypto wallet during the aboriginal anniversary of April. On April 12, 2022, Robinhood listed shiba inu (SHIB), admixture (COMP), polygon (MATIC), and solana (SOL).
The architect and CEO of Digital Currency Group (DCG), the ancestor aggregation of Grayscale Investments, Barry Silbert, was captivated to see Robinhood account GBTC and ETHE. “Finally,” Silbert tweeted. “You can now barter Grayscale Bitcoin Trust and Grayscale Ethereum Trust on Robinhood.”
Year-to-date statistics appearance GBTC is bottomward 46.63% and ETHE is bottomward 44.08%. Grayscale afresh filed a Form 10 with the U.S. Securities and Exchange Commission (SEC) for a Zcash Trust, Stellar Lumens Trust, and Horizen Trust.
Grayscale is additionally in the bosom of aggravating to get its assurance adapted into an exchange-traded armamentarium (ETF). However, the SEC has been an obstacle for bitcoin atom ETFs to appear and the U.S. regulator has yet to accept a bitcoin atom ETF.
Grayscale Investments’ CEO Michael Sonnenshein recently explained in an account that the SEC could possibly breach the Administrative Procedure Act if a bitcoin atom ETF is absolutely denied.
The firm’s arch acknowledged officer, Craig Salm, described what the about-face action would attending like if the assurance became an ETF. “GBTC allotment prices will acceptable move to barter in band with NAV,” Salm detailed. “Then, the shares would be uplisted from OTCQX to NYSE Arca,” the arch acknowledged administrator added.
Grayscale Investments is additionally asking bodies to get involved with the accomplishment to get the U.S. regulator to accept the about-face of GBTC to an ETF.
Prior to abacus Grayscale’s Bitcoin Trust and Ethereum Trust, Robinhood started its European amplification and afresh acquired the UK crypto aggregation Ziglu. Additionally, aftermost ages the co-founder and CEO of Robinhood, Vladimir Tenev, discussed how DOGE could calibration with Tesla’s Elon Musk.
What do you anticipate about Robinhood abacus GBTC and ETHE? Let us apperceive what you anticipate about this accountable in the comments area below.
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