US-based cryptocurrency and stock trading platform Robinhood announced that 33% of spot Bitcoin ETF investors sold shares to balance their portfolios.
According to Bitcoin News, Robinhood’s chief brokerage officer said, spot Bitcoin ETF Evaluated the behavior of investors with the start of trading
US Securities and Exchange Commission (SEC) on January 10 11 spot Bitcoin ETFs He gave his approval. robinhood, Stating that he will list them quickly and then starting from the first trading day to buy-sell had opened.
Robinhood official says 1/3 of buyers rebalance their portfolios that he sold shares for the purpose of 20% are retired He stated that it was realized from his accounts.
1/3 of buyers sold stocks to rebalance their portfolios. 20% of purchases/sales were in retirement accounts.
The official also noted that Grayscale’s spotlight Bitcoin ETF converted GBTC sellers He also said that he transferred most of his money to another spot ETF.