Bitcoin exchange-traded fund trading is now available to Robinhood’s 23 million members

Customers will have more options for investing in Bitcoin with Robinhood’s new products, the company stated.

The well-known trading platform Robinhood has now introduced spot Bitcoin ETF trading for US consumers. More investment alternatives and easier access to financial markets are continuing goals, and this step is part of those efforts.

According to the most recent news from Robinhood, the Robinhood Crypto app now supports trading for eleven-spot Bitcoin ETFs, which the SEC just authorized. Robinhood Financial’s retirement and brokerage accounts provide access to these new options.

In addition to being able to buy and sell spot Bitcoin ETFs like any other stock or conventional ETF, Robinhood Crypto now gives investors the ability to acquire Bitcoin directly. Additionally, Robinhood promises that their cryptocurrency app has the most competitive average trading costs.

According to Robinhood’s Chief Brokerage Officer, Steve Quirk, the firm is devoted to increasing consumer choice and broadening market access.

“The mission of Robinhood is to provide expanded access to the financial markets and increase customer choice,” Quirk said. “We’re thrilled to announce that we’re expanding our support for Bitcoin ETFs in savings and brokerage accounts.”

Additionally, Quirk brought attention to Robinhood’s dedication to providing a versatile, affordable, and robust trading platform.

The head of Robinhood Crypto, Johann Kerbrat, is bullish on the potential of cryptocurrency to revolutionize the banking industry.

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