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Dogecoin, Tesla In Top 10 But This Crypto Is Robinhood's Top Recurring 'Buy' Asset

Stock Markets Apr 08, 2022 17:10
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© Reuters. Dogecoin, Tesla In Top 10 But This Crypto Is Robinhood's Top Recurring 'Buy' Asset
 
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Large-cap cryptocurrencies remained popular among retail traders despite weaker price action in 2022.

What Happened: In a presentation delivered at the Bitcoin 2022 conference on Thursday, Robinhood (NASDAQ:HOOD) Markets Inc’s (NASDAQ: HOOD) Chief Product Officer Aparna Chennapragada revealed that Bitcoin (CRYPTO: BTC) is the number one “recurring buy” asset year-to-date.

The leading digital asset beat out Apple Inc (NASDAQ: NASDAQ:AAPL), which was the second most bought asset.

Ethereum was more frequently bought than Tesla Inc (NASDAQ: TSLA) and the two assets ranked third and fourth on Robinhood’s top recurring buy list.

Dogecoin (CRYPTO: DOGE) was the sixth most bought asset this year, fitting between the Vanguard 500 Index Fund ETF (NYSE: VOO) and SPDR S&P 500 ETF Trust (NYSE: SPY (NYSE:SPY)).

Amazon.com, Inc. (NASDAQ: NASDAQ:AMZN), Microsoft Corporation (NASDAQ: NASDAQ:MSFT) ranked eighth and ninth on the list, followed by the Vanguard Total Stock Market Index Fund ETF (NYSE: VTI) which took the final spot.

See Also: 2 Million Robinhood Users Finally Get Crypto Wallets To Move Bitcoin, Ethereum, Dogecoin Off Platform

Price Action: According to data from Benzinga Pro, Bitcoin was trading at $43,511, up 0.33% in the last 24 hours at the time of writing. Ethereum was trading at $3,255, up 1.2% and Dogecoin was trading at $0.15, up 4.39% over the same period.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Dogecoin, Tesla In Top 10 But This Crypto Is Robinhood's Top Recurring 'Buy' Asset
 
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