US trading giant Robinhood is adding two cryptocurrency-related products to its lineup for retail investors.
Investment asset manager Greyscale announced that the firm’s traditional investment vehicles for both Bitcoin (BTC) and Ethereum (ETH) are launching on the Robinhood trading app.
— Grayscale (@Grayscale) May 6, 2022
The digital currency investment product Grayscale Bitcoin Trust (GBTC) was originally called the Bitcoin Investment Trust, created in September of 2013, and gives institutional investors exposure to Bitcoin without the need to personally buy or store it. Currently, the Grayscale BTC Trust has $23.2 billion in assets under management (AUM).
The Grayscale Ethereum Trust (ETHE) meanwhile was founded