Millions on the waiting list for Robinhood's Crypto Wallet

After the recent announcement of the launch of its crypto wallet, the financial platform Robinhood already has around one million customers on the waiting list. Meanwhile, Wall Street received its second approval on Friday for a Bitcoin exchange-traded fund (ETF) from the United States Securities and Exchange Commission (SEC).

The announcement of the record number of Robinhood customers on the list was made by Vlad Tenev, CEO of the controversial US firm. This reinforces market sentiment on the importance of digital assets.

"We are very proud of our cryptocurrency platform and of giving people more utility with the coins they have," Robinhood CEO Vlad Tenev said Thursday, attending a CNBC event called "Disruptor 50".

Tenev added that the company had decided to implement a waiting list

"Many people have asked for the ability to send and receive cryptocurrencies, transfer them to hardware wallets, transfer them to the platform to consolidate and the waiting list for crypto wallets is now well over a million people." The initial announcement regarding preparations for the launch of the trading firm's cryptocurrency portfolio was made in September. Customers who sign up for the wallet will be able to trade cryptocurrencies inside and outside the app.

Currently, the digital currencies offered by Robinhood are Bitcoin, Bitcoin Cash, Bitcoin SV, Ethereum, Ethereum Classic, Dogecoin and Litecoin. If you already want to trade them however, you can do it on safe and reliable trading platforms that have already been on the market for a few years such as Bitcoin Pro, with a minimum investment of $ 250.

Tenev said his portfolio offers "some advantages in technology that make it global and accessible by default and that make it very attractive." Through their wallet, users can directly send cryptocurrencies to other people.

Robinhood started trading digital currencies three years ago, but now the industry holds a very important place within the company, to the point that, in the last quarter, just over 50% of the company's transaction-based revenue they came from cryptocurrency trading.

The Robinhood wallet will incorporate the functions of trading, sending and receiving digital currencies from the wallet itself, a service that rival companies Coinbase and Gemini already offer.

The launch of the second Bitcoin ETF

The announcement for the Friday 22nd debut of the ETF Valkyrie Bitcoin Strategy on the Nasdaq was made by Bloomberg's lead ETF analyst Eric Balchunas.

“I said this was going to be the launch of tmrw, actually it will be Friday. I'm sorry, ”Balchunas wrote on his Twitter account clarifying his previous tweet.

A third ETF, linked to VanEck BTC futures, is expected to be launched on Monday 25 October and will begin trading on the New York Stock Exchange. The SEC released the company's ETF prospectus on Wednesday.

Both SEC-approved Valkyrie and VanEck ETFs are eagerly awaited by Bitcoin fans following the successful launch of the ProShares ETF.

The first fund, ProShares (BITO), launched earlier this week, managed to reach nearly $ 1 billion in trading volume at the time of writing. Meanwhile, the price of BTC rose again following the news, reaching a new high of $ 66.752 this week.