Robinhood to add support for spot Bitcoin ETFs ‘as soon as possible’
Online fintech brokerage firm Robinhood is about to join the Bitcoin ETF craze, saying the ETF approval is a key factor in advancing the integration of crypto with traditional finance. Robinhood CEO Vlad Tenev announced the company’s plans in a thread on X on Jan. 11, stating the broker aims to list all approved spot Bitcoin exchange-traded funds “as soon as possible.” Exciting update from Washington today! As a pioneer in offering spot crypto trading, Robinhood is thrilled about the @SECGov's decision to approve spot Bitcoin ETFs. We've been ahead of the curve in crypto access, and we plan to list these ETFs on @Robinhoodapp as soon as… — Vlad Tenev (@vladtenev) January 10, 2024 Although Tenev did not provide a specific timeframe, he emphasized that the approval of spot crypto ETFs not only brings clarity but also paves the way for sophisticated risk management tools. “It [the approval] not only offers clarity but also opens avenues for sop...