Grayscale Bitcoin Trust (GBTC) is still one of the most popular publicly traded Bitcoin funds
As shared by Barry SilvertFounder of DCG (Grayscale parent), Robinhood has added Grayscale Bitcoin Trust (GBTC) and Grayscale Ethereum Trust (ETHE) to its list of assets available for trading on its platform.
Grayscale Bitcoin Trust (GBTC) is still one of the most popular publicly traded Bitcoin funds. Since its inception as the Bitcoin Investment Trust in 2013, GBTC has grown to manage over $25 billion in total assets and has attracted over 100 institutional investors.
Grayscale Ethereum Trust (ETHE) is fully and passively invested in ETH, allowing investors to gain exposure to ETH in the form of securities while avoiding the difficulties of directly purchasing, storing, and backing up ETH. ETH.
Last April, Robinhood announced the addition of four more crypto assets to its platform; namely Compound, Polygon, Solana and Shiba, Inu, with more on the way. The same month, Robinhood began rolling out crypto wallets to the more than two million people on its waiting list, and it recently completed deployment to all customers.
Robinhood had also announced its intention to buy Ziglu Ltd, a UK-based cryptocurrency platform, to encourage its expansion.
Robinhood holds 40.7 billion Dogecoin
Popular brokerage app Robinhood continues to hold Dogecoin on behalf of its clients, according to DogeWhaleAlert, a Twitter account focused on DOGE transactions.
According to a recent Twitter update shared by @DogeWhaleAlert, the Robinhood app currently has a total of 40,762,000,976 Dogecoins, worth $5,356,045,404. This also accounts for 30.72% of the major meme cryptocurrency’s circulating supply.
According to the tweet, the Dogecoin assets are housed in two wallets, 3334959 and 1699275, with eight known digital addresses.
