Grayscale’s GBTC and ETHE products now available on Robinhood By Cointelegraph

Grayscale’s GBTC and ETHE products now available on Robinhood

Cryptocurrency May 07, 2022 02:20PM ET

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Grayscale’s GBTC and ETHE products now available on Robinhood

Digital asset manager Grayscale has made its flagship Bitcoin (BTC) and Ether (ETH) products available on Robinhood (NASDAQ:HOOD), the popular trading app open to millions of retail users.

Beginning on Friday, Robinhood users will be able to trade Grayscale’s Bitcoin Trust (GBTC) and Ethereum Trust (ETHE) directly through the app. Shares of GBTC provide investors with direct exposure to Bitcoin in the form of a security without having to buy or store the digital asset directly. ETHE, meanwhile, operates as an open-end investment company whose shares reflect the value of Ether held by the trust.

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Grayscale’s GBTC and ETHE products now available on Robinhood

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