Bitcoin ETF

What is a bitcoin ETF? They are a relatively easy-to-purchase investment vehicle that owns bitcoin (BTC), the original cryptocurrency. Just like stocks, exchange-traded funds are listed on exchanges, can be traded throughout the day and are available for purchase through normal brokerage accounts. A bitcoin ETF was first proposed in the U.S. around 2013 by Cameron and Tyler Winklevoss, but were never approved by the U.S. Securities and Exchange Commission. Several applications for them are pending with the SEC as of January 2024, from companies including BlackRock, Grayscale, Fidelity, Galaxy/Invesco and Franklin Templeton. If approved, crypto ETFs could dramatically broaden the base of people who can invest in digital assets. There have been bitcoin futures ETFs available in the U.S. for several years, but the latest round of proposed products, technically known as spot bitcoin ETFs, are a more efficient and desirable product.


Markets

BlackRock's Bitcoin ETF Registers Highest Trading Volume in 3 Months

The ETF saw over $1 billion in outflows last week alongside a surge in trading volumes.

ECB is likely to cut rates Thursday. (sergeitokmakov/Pixabay)

Markets

Bitcoin ETFs Finally Snap Eight-Day $3.2B Outflow Streak With $94.3M Inflows

The inflows come amid a slight market recovery as BTC rebounds from its monthly low, over growing pro-crypto stance from the Trump administration.

BTC, ETH carry trades lose shine, spurring record ETF outflows. (Pexels/Pixabay)

Markets

ARK Invest Swaps Nearly $9M of Its Own Bitcoin ETF for Coinbase

The rout in the cryptocurrency market on Tuesday brought about record outflows from spot bitcoin ETFs in the U.S

Cathie Wood, CEO of ARK Invest, at Consensus 2024 by CoinDesk (Suzanne Cordiero)

Markets

U.S. Bitcoin ETFs See Record Daily Outflow of Over $930M as Carry Trades Lose Shine to the 10-Year Treasury Note

Investors pulled out funds from bitcoin and ether spot ETFs Tuesday as dwindling basis in the CME futures dented the appeal of carry trades.

BTC, ETH carry trades lose shine, spurring record ETF outflows. (Pexels/Pixabay)

Markets

U.S. Bitcoin ETFs Post Year's 2nd-Biggest Outflows as Basis Trade Drops Below 5%

On Monday, U.S. spot-listed bitcoin ETF outflows rose to $516 million as bitcoin tumbled toward $90,000.

BTC CME Annualized basis (Velo)

Markets

Costa Rica Makes First Foray Into Crypto with New Bitcoin ETF

It will mark the first time that Costa Ricans will have access to any type of crypto investment product through the country's banking system.

Toucan in Costa Rica. Credit: Zdeněk Macháček

Markets

TradFi Investors Piled $38.7B Into Bitcoin ETFs, Three Times More Than Previous Quarter

Institutional investors bought $38.7 billion worth of the spot bitcoin exchange-traded funds in the fourth quarter, filings with the Securities and Exchange Commission revealed.


Markets

U.S. Bitcoin ETFs See Third Straight Day of Outflows, Totaling $494M, as BTC Stalls

Bitcoin continues to trade in a range that it has set since mid-November.


Markets

U.S. Spot Bitcoin ETF Inflows Surge 175% Year-Over-Year

Total net inflows for U.S. bitcoin-listed ETFs have seen over $40.6 billion.

Exchange-traded fund (viarami/Pixabay)

CoinDesk Indices

Crypto for Advisors: Crypto Ownership vs. ETF

2024: Bitcoin and ether spot ETFs launch, becoming history's fastest-growing. 2025: The lines between spot crypto ETFs and direct ownership will blur.

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