With the approval of a Bitcoin ETF, investors may want to keep an eye on Robinhood (HOOD). All as approval now gives the industry the credibility it’s been after. Even analysts at Mizuho Group believe HOOD will benefit, as you can see here.
“This is a monumental step for the crypto industry,” Coinbase CEO Brian Armstrong told CNBC. “There’s 52 million Americans who have been using crypto over the past decade, and I think they’ve been waiting for some kind of acknowledgment from the government, and the SEC in particular, that this asset class is here to stay — and they finally got that.”
HOOD last traded at $12.65 in pre-market this morning on rising volume.