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.


Finance

There Are Many Bitcoin Critics Left in Finance, Despite BlackRock's Newfound Love

At a recent gathering of investors in Miami, skepticism remained high even after finance titan BlackRock's shift toward touting the original cryptocurrency.

Investment pros gathered here in Miami, and many trashed bitcoin. (Helene Braun/CoinDesk)

Opinion

Hong Kong Boards the ETF Express

The jurisdiction is the latest to approve exchange-traded funds for bitcoin, giving a boost to BTC.

Hong Kong harbor skyline view into Kowloon

Policy

BTC, ETH Rise as Hong Kong Bitcoin ETF Applicants Say They've Been Approved

The Securities and Futures Commission, Hong Kong's markets regulator, has not made an official announcement.

(Ruslan Bardash/Unsplash)

Policy

Hong Kong Could Approve Spot Bitcoin, Ether ETFs as Early as Monday: Bloomberg

Expectations for Hong Kong to approve the ETF products are seen as one of the biggest market-moving events for the cryptocurrencies in the near term.

Hong Kong harbor skyline view into Kowloon

Markets

Hong Kong's Incoming Spot Bitcoin ETFs Could Be 'Big Deal.' Here's What Analysts Say

Massive demand for a China-listed gold ETF sent its premium soaring to 30% earlier this week.

Spot bitcoin ETFs could soon be coming to Hong Kong (Allan Watt/Flickr)

Policy

Hong Kong Said Likely to Approve Spot Bitcoin ETFs Next Week: Reuters

Hong Kong's regulators have sped up the approval process, according to a Reuters report.

Hong Kong harbor skyline view into Kowloon

Policy

Australian Asset Manager Monochrome Applies With Cboe Australia for a Spot Bitcoin ETF, Eyes Decision by Mid-Year

The Monochrome Bitcoin ETF is a flagship product of the firm and was initially expected to be listed with Cboe Australia's larger rival, ASX, where larger volumes are available.

Sydney Opera House in Australia (Stanbalik/Pixabay)

Policy

U.S. SEC Calls for Comments on Spot ETH ETFs

The Securities and Exchange Commission has opened up comment periods for ETF applications for Grayscale, Fidelity and Bitwise.

U.S. Securities and Exchange Commission Chair Gary Gensler says the agency's court loss led to bitcoin ETF approvals. (Jesse Hamilton/CoinDesk)

Markets

Bitcoin ETF Trading Volumes Tripled in March as the Largest Cryptocurrency Hit Record Highs

Trading volumes for the exchange-traded funds soared to $110 billion, three times higher than either January or February, led by BlackRock's IBIT.

(Jim Henderson, modified by CoinDesk)

Opinion

Is This the End of Bitcoin's 4-Year Bull/Bear Market Cycle?

CoinFlip's Daniel Polotsky argues the introduction of ETFs and institutions could disrupt the cyclical price pumps that have historically trailed the Bitcoin halving.

Bull and Bear (nosheep/Pixabay)