Robinhood has added Grayscale Bitcoin Trust (GBTC) and Grayscale Ethereum Trust (ETHE) to its list of assets available for trading on its platform, according to Barry Silbert, founder of DCG (Grayscale parent).
Grayscale Bitcoin Trust (GBTC) is one of the most well-known publicly traded Bitcoin ETFs. Since its founding in 2013 as the Bitcoin Investment Trust, GBTC has grown to handle more than $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 hassles of purchasing, storing, and preserving ETH directly.
Robinhood announced the addition of four new crypto assets to its platform in April, including Compound, Polygon, Solana, and Shiba, Inu, with more on the coming. The same month, Robinhood began distributing cryptocurrency wallets to the more than two million people on its waiting list, and it recently finished rollout to all consumers.
Robinhood has also indicated its intention to acquire Ziglu Ltd, a cryptocurrency platform based in the United Kingdom, in order to accelerate its growth.
Robinhood now owns 40.7 billion Dogecoin.
According to DogeWhaleAlert, a Twitter account focusing on DOGE transactions, popular trading software Robinhood continues to hold Dogecoin on behalf of its clients.
According to a recent Twitter update published by @DogeWhaleAlert, the Robinhood app currently owns 40,762,000,976 Dogecoin worth $5,356,045,404. This is also a whopping 30.72 percent of the circulating supply of the leading meme cryptocurrency.
The Dogecoin assets are held in two wallets, 3334959 and 1699275, with eight known digital addresses, according to the tweet.