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.


Finanças

Wisconsin Pension Plan Likely to Invest Much More in Bitcoin ETF, Marquette Professor Says

David Krause, a professor of finance at Marquette University, said the initial investment by the State of Wisconsin Investment Board is just "a toe in the water" to test the public’s reaction.

The state of Wisconsin has bought roughly $321.5 million worth of BlackRock's spot bitcoin ETF. (Nick Youngson)

Política

Australia's First Spot Bitcoin ETF With Direct BTC Holdings to Go Live on Tuesday

Australia already has two exchange-traded products providing exposure to spot crypto assets on Cboe Australia but they do not hold bitcoin directly.

Sydney, Australia. (Photo by Johnny Bhalla on Unsplash)

Finanças

Franklin Templeton's Jenny Johnson on Bitcoin ETFs, RWA Tokenization and Blockchain's Potential for TradFi

The president and CEO of the asset management giant said blockchains are "transformational tech" that can help drive down operational costs during a panel discussion at Consensus 2024.

Jenny Johnson, Franklin Templeton President and CEO, speaks at Consensus 2024. (Shutterstock/CoinDesk)

Mercados

Ether Spot ETFs to See Much Lower Demand Than Bitcoin Versions, JPMorgan Says

Ether spot ETFs could attract as much as $3 billion of net inflows this year, the report said.

(Shutterstock)

Finanças

NYSE Would Consider Crypto Trading If Regulatory Picture Were Clearer, President Says at Consensus 2024

NYSE President Lynn Martin and Bullish CEO Tom Farley discussed crypto regulations, changing U.S. politics and the limitations and opportunities of blockchain tech to improve traditional markets.

Tom Farley, CEO of Bullish, and Lynn Martin, President of the New York Stock Exchange, speak at Consensus 2024 by CoinDesk.(Shutterstock/CoinDesk/Suzanne Cordiero)

Opinião

Crypto for Advisors: Bitcoin ETF vs Direct Ownership

This article aims to provide financial advisors with a detailed comparison of these investment vehicles, addressing key aspects such as management, custody, trading, and tax implications to inform both advisors and their clients better.

Arrows

Consensus Magazine

CFTC Commissioner Summer Mersinger on Overzealous Crypto Regulation and the Need for Legislative Action

The commodities regulator has been clear about the dangers of regulating a burgeoning industry through enforcement actions.

CFTC Commissioner Summer K. Mersinger (CoinDesk TV)

Opinião

How Bitcoin ETFs Are Changing the Risk-Reward Ratio for Institutional Investors

By approving bitcoin as an underlying product within the ETF space, the SEC has reduced risk at the base level of the asset, BitGo's Steve Scott writes. The only question is now will they invest?

(Jim Henderson, modified by CoinDesk)

Finanças

Grayscale CEO Michael Sonnenshein Steps Down, to Be Replaced by TradFi Veteran

Sonnenshein's replacement will be Peter Mintzberg, currently head of strategy for asset and wealth management at Goldman Sachs.

Michael Sonnenshein (CoinDesk)

Mercados

Steven Cohen's Point72 Also an Owner of Bitcoin Via Spot ETFs

Roughly 13 out of the 25 biggest U.S.-based hedge funds held the spot bitcoin ETFs at the end of March, according to data from bitcoin brokerage River.

Steven Cohen ( Jim McIsaac/Getty Images)