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Are there any ETFs on Robinhood that track the performance of Bitcoin?

avatarJulia IgnacykMay 10, 2022 · 3 years ago1 answers

I'm interested in investing in Bitcoin through ETFs on Robinhood. Are there any ETFs available on Robinhood that track the performance of Bitcoin? I want to diversify my investment portfolio and include Bitcoin, but I prefer the convenience of trading on Robinhood. Can I find any ETFs on Robinhood that offer exposure to Bitcoin?

Are there any ETFs on Robinhood that track the performance of Bitcoin?
Bitcoin
ETFs
Robinhood

1 answers

  • avatarMay 10, 2022 · 3 years ago
    Yes, there are ETFs available on Robinhood that track the performance of Bitcoin. One option is the Grayscale Bitcoin Trust (GBTC), which is a popular choice among investors. GBTC is a trust that holds Bitcoin and its price is based on the value of Bitcoin. It allows investors to gain exposure to Bitcoin without actually owning it. Another option is the Bitwise 10 Crypto Index Fund (BITW), which is an ETF that tracks the performance of a diversified portfolio of cryptocurrencies, including Bitcoin. Both GBTC and BITW can be traded on Robinhood, providing investors with the convenience of trading Bitcoin through an ETF.

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