Many stock-trading platforms have enabled shoppers to business exchange-traded finances tied to the spot value of bitcoin this week. Some have now not.

After the Securities and Alternate Fee authorized 11 spot bitcoin ETFs on Wednesday, Robinhood introduced the next day to come (when buying and selling at the ETFs started) that it might permit shoppers to business them.

Webull, every other inventory buying and selling fintech, additionally lets in shoppers to business the product, along Acorns, SoFi, Interactive Agents and others.

Some conventional inventory buying and selling platforms together with Constancy (which has its personal spot bitcoin ETF), Schwab and E-Industry have additionally enabled bitcoin ETF buying and selling. UBS has additionally enabled bitcoin ETF buying and selling for its wealth control shoppers.

Merrill by way of Financial institution of The united states will permit “eligible” purchasers — the ones with $10 million or extra in belongings — to business them, in step with a spokesperson for the corporate.

One notable exception has opted to not let shoppers acquire bitcoin ETFs via their platform: Leading edge.

“Our viewpoint is that those merchandise don’t align with our be offering inquisitive about asset categories reminiscent of equities, bonds, and money, which Leading edge perspectives because the construction blocks of a well-balanced, long-term funding portfolio,” a Leading edge spokesperson mentioned, including that the funding consultant additionally didn’t plan to provide any bitcoin ETFs or different crypto-related merchandise of its personal.

Scrutiny of the worth of bitcoin and bitcoin ETFs as investments heightened after the SEC’s motion this week. Chair Gary Gensler emphasised in his remarks at the subject that the fee’s hand have been pressured by way of a court docket ruling the SEC misplaced to crypto asset supervisor Grayscale following its software for a place bitcoin ETF.

“Bitcoin is essentially a speculative, risky asset that is extensively utilized for illicit task together with ransomware, cash laundering, sanction evasion, and terrorist financing,” Gensler mentioned. “Whilst we authorized the record and buying and selling of positive spot bitcoin ETP stocks nowadays, we didn’t approve or endorse bitcoin.”