Ethereum

Spot

<ul>
 <li>Robinhood to list spot Ethereum ETF, expanding to both brokerage and retirement accounts.</li>
 <li>Trading start for spot Ethereum ETF delayed due to pending checks after SEC approval.</li>
 <li>Experts predict spot Ethereum ETF trading volume will be less than half of Bitcoin ETFs.</li>
</ul>
<p>The CEO of Robinhood, Vlad Tenev, has declared that a spot Ethereum ETF will be listed by the commission-free brokerage. This product will be offered by the brokerage for retirement accounts in addition to brokerage accounts. Only a day has passed since the US Securities and Exchange Commission (SEC) authorized eight spot Ethereum ETF products before this statement.</p>
<p>The spot Ethereum ETF has not yet seen any trading activity, even with the SEC’s approval. Over the course of four days, there was fast communication between the SEC and the stakeholders as part of an expedited approval process.&nbsp;</p>
<p>This quick pace has left several necessary checks pending. Therefore, there’s a chance that the spot Ethereum ETF’s trading opening will be postponed for a few weeks. It can take some time before the product starts trading, according to former SEC chairman <a href="https://cryptonewsland.com/ethereum-etfs-approval-prompts-bullish-insights-from-former-sec-chairman-major-major-market-shifts-ahead/" target="_blank" rel="noopener noreferrer nofollow">Jay Clayton</a>.</p>
<p><strong>Robinhood’s Crypto Evolution</strong></p>
<p>Robinhood is now a crucial marketplace for buying cryptocurrencies such as Shiba Inu (SHIB), Ethereum (ETH), and Bitcoin (BTC). Because of its commission-free trading options, the brokerage was among the first to support spot Bitcoin ETF products, which proved advantageous for regular investors.&nbsp;</p>
<p>Now, with the readiness to list the spot Ethereum ETF, Robinhood aims to expand its support further, enhancing accessibility for investors who wish to gain crypto exposure through brokerage and retirement accounts.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">The <a href="https://twitter.com/SECGov?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@SECGov</a> has approved another class of crypto ETFs <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f389.png" alt="🎉" class="wp-smiley" style="height: 1em; max-height: 1em;"> and we’re ready. Once trading begins, <a href="https://twitter.com/RobinhoodApp?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@robinhoodapp</a> will support ETH ETFs in both brokerage and retirement accounts. It’s important to us to give customers access to invest in crypto how they want. <a href="https://t.co/WWJBUH1YCY" rel="noopener noreferrer nofollow">pic.twitter.com/WWJBUH1YCY</a></p>— Vlad Tenev (@vladtenev) <a href="https://twitter.com/vladtenev/status/1794093212748882431?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 24, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p><strong>Anticipation and Market Impact</strong></p>
<p>The dynamics around spot Ethereum ETFs are still unfolding. Unlike the spot Bitcoin ETF products, which began trading shortly after approval, the spot Ethereum ETFs might see a slower start.</p>
<p>Experts predict that the trading volume for the spot Ethereum ETF will likely be less than half of what Bitcoin ETFs achieved when they opened in January. Meanwhile, various issuers have started listing their ETFs on the DTCC website, with tickers being revealed.</p>
<p>This development signals a potential trend, with more brokerage firms possibly joining Robinhood in listing spot Ethereum ETFs, which could impact the crypto market. The exact timeline for when trading will begin remains uncertain, but the anticipation is building among investors and market participants.</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also:</h4>
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/young-people-want-bitcoin-in-their-retirement-accounts/" rel="noopener noreferrer nofollow">Young People Want Bitcoin In Their Retirement Accounts</a></li>
 <li><a href="https://cryptonewsland.com/forget-retiring-at-50-buy-these-3-cryptocurrencies-in-february-to-quit-your-job-by-2024/" rel="noopener noreferrer nofollow">Forget Retiring at 50; Buy These 3 Cryptocurrencies in February to Quit Your Job by 2024</a></li>
 <li><a href="https://cryptonewsland.com/crypto-brokerage-blockchain-com-lays-off-28-of-workforce/" rel="noopener noreferrer nofollow">Crypto Brokerage Blockchain.com Lays Off 28% of Workforce</a></li>
 <li><a href="https://cryptonewsland.com/robinhood-launches-mobile-payments-app-robinhood-wallet/" rel="noopener noreferrer nofollow">Robinhood Launches Mobile Payments App Robinhood Wallet</a></li>
 <li><a href="https://cryptonewsland.com/robinhood-to-sack-300-employees-despite-job-listing/" rel="noopener noreferrer nofollow">Robinhood To Sack 300 Employees Despite Job Listing</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/robinhood-ceo-announces-spot-ethereum-etf-listing-readiness/" rel="noopener noreferrer nofollow">Robinhood CEO Announces Spot Ethereum ETF Listing Readiness</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Robinhood CEO Announces Spot Ethereum ETF Listing Readiness

Crypto News Land

Other articles published on May 25, 2024

Pepe Fuks Biden (PEPEFBID) Will Explode 16,000%, As It Looks to Challenge Shiba Inu and Dogecoin

Uniswap (UNI) Price Breaks Out of Consolidation; A Fresh Upswing of 25% Could Be on the Horizon!

How to Invest in Crypto: The Complete 2024 Guide

Altcoins with Innovative Technology in 2024

Ethereum Pectra Upgrade Expected to Launch in Q1 2025

Best Crypto Presale in 2024! MoonBag Takes the Spotlight From AAVE & Ripple

Join our free newsletter for daily crypto updates!