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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.
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.

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.

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.

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.

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.

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.

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.

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?

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.

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.
