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Cryptopolitan 2024-02-14 08:20:04

The ETFs vs Spot trading dynamics revealed by Robinhood CFO

Robinhood’s Chief Financial Officer, Jason Warnick, revealed that Bitcoin exchange-traded funds (ETFs) have not significantly impacted spot Bitcoin trading on the platform. In the earnings call for the fourth quarter of 2023, Warnick stated that only 5% of Robinhood users’ crypto trading activity involves Bitcoin ETFs, while the remaining 95% prefer direct spot Bitcoin trading.

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