Robinhood has started offering the new class of spot Bitcoin ETFs that were approved by the SEC on January 10. These 11 ETFs became tradable to all customers in the United States in both retirement and brokerage accounts though Robinhood Financial.
Customers can elect to buy or sell Bitcoin ETFs just as they would any other ETF or stock. Customers can also still choose to purchase Bitcoin directly through Robinhood Crypto.
“Providing expanded access to the financial markets and increasing customer choice are at the core of Robinhood’s mission, which is why we’re excited to add support for various Bitcoin ETFs in both retirement and brokerage accounts,” said Steve Quirk, Chief Brokerage Officer at Robinhood. “With Robinhood customers can trade stocks, ETFs, and crypto on their own time and their terms, with no commissions and 24/7 support.”
“We believe crypto is the financial framework of the future and that increased access to Bitcoin via ETFs is a good thing for the industry,” said Johann Kerbrat, GM of Robinhood Crypto. “In addition to offering Bitcoin ETFs, customers who prefer to own Bitcoin themselves can elect to buy it directly through Robinhood Crypto, where they will receive the lowest cost on average and can transfer funds in and out as they wish, if eligible.”
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