Bitcoin has been on a tear lately. The cryptocurrency has soared in value, reaching a new all-time high earlier this month.
If you’re like many people, you may be wondering if you can cash in on the Bitcoin craze by buying fractional shares of the digital currency on Robinhood.
Unfortunately, the answer is no. Robinhood does not currently offer the ability to buy fractional shares of Bitcoin or any other cryptocurrency.
So if you want to invest in Bitcoin on Robinhood, you’ll need to buy an entire coin.
That said, there are other ways to invest in Bitcoin without having to purchase an entire coin. For example, you can use a Bitcoin futures contract to trade the cryptocurrency without actually owning any Bitcoin.
Futures contracts are available on both the CBOE and CME exchanges.
If you’re interested in investing in Bitcoin, but don’t want to purchase an entire coin, there are other options available to you. You can trade Bitcoin futures contracts on both the CBOE and CME exchanges.