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Tokenized on Robinhood Chain
SPY
SPDR S&P 500 ETF Trust. There are 5,598 of these tokens in existence, worth $4.3m between them. It trades.
Price
$766.12
24 hours
+0.23%
Volume, 24h
$10.8m
Tokens in existence
5,598
7 days
-0.20%
30 days
+2.90%
Range since listing
$713.73 – $779.76
What you would actually own
A token, not a share. It tracks the price of SPDR S&P 500 ETF Truststock, and it is a claim arranged by an issuer rather than an entry on the company's share register: no vote, no direct dividend entitlement, and a counterparty between you and the equity. The supply figure above is the honest measure of how large this actually is — 5,598 tokens is a different order of magnitude from the company's shares outstanding, and conflating the two is the most common mistake made about this market. The longer answer.
