Crypto assets management entity Grayscale has reportedly released support features for its flagship Bitcoin (BTC) and Ether (ETH) offerings on the well-known, crypto-friendly trading platform Robinhood. 

Specifically, starting May 6th, Robinhood users will reportedly have the ability to conduct direct trading of the Grayscale’s Bitcoin Trust (GBTC) and Ethereum Trust (ETHE) via the app. 

Shares of GBTC reportedly equip investors with exposure to Bitcoin in a direct manner, in the form of a security without the necessity to purchase or store the digital asset directly.

ETHE, meanwhile, reportedly functions as an open-end investment firm whose shares are the reflection of the value of Ether held by the trust.

Grayscale’s Bitcoin Trust is the major investment vehicle devoted to the top-tier crypto asset. As of May 2, the trust provides management services to approximately $24.6 billion equivalent of assets. Meanwhile, the figure is more than $329 million for Grayscale’s Ethereum Trust. 

Robinhood reportedly functions as a discount brokerage that offers retail investors a low-barrier gateway into both the crypto and financial markets. 

In Q1 of 2022, the company’s revenue reportedly witnessed a slump of 43% year-over-year, since the revenue generated from cryptocurrency trading declined by 39%.

Regardless of the decrease, Robinhood’s net cumulative funded accounts experienced a surge of 27% year-over-year.

At the moment, Robinhood has completed the listing of more than 20 cryptocurrencies for trading on its platform.

The positive attitude towards crypto displayed by retail traders reportedly hit its record-breaking point in the first six months of last year, a period that coincided with multiple record highs for Bitcoin and the broader market.