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.


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)

Markets

ARK 21Shares Bitcoin ETF Hits $200M Daily Inflows for First Time

The bitcoin ETF market registered net inflows of $243.4 million as the BTC price teased a return north of $72,000, a week after sinking below $63,000.

Cathie Wood's ARK Invest is buying more shares of crypto exchange Coinbase. (Marco Beller/Getty Images)

Markets

Bitcoin Halving Could Bolster ETF Tailwinds for the Cryptocurrency: Canaccord

If history repeats itself, an even more bullish period for bitcoin and crypto markets could be on the horizon in the months following the halving, the report said.

windsock with hang glider in the distance

Policy

Hong Kong-Based Asset Manager VSFG and Value Partners Apply for Spot Bitcoin ETF

In January, Harvest Global Investments, a major asset-management company in China, purportedly became the first to apply for a spot-bitcoin exchange-traded fund (ETF) with the SFC.

Hong Kong harbor skyline view into Kowloon

Markets

Crypto Market Remains Focused on Spot Bitcoin ETF Flows Over Fundamentals: Coinbase

There were $836 million in net outflows between March 18 and March 21, the report said.

Bitcoin ETFs lost  $836 million to outflows last week. (Unsplash)

Finance

Cathie Wood Calls Bitcoin a ‘Financial Super Highway,’ Reiterates $1.5M Price Target

The Ark Invest CEO said the firm has been looking closely at emerging markets, where use cases of the digital asset make her believe that bitcoin is partly a risk-off asset.

Ark Invest CEO Cathie Wood

Markets

Bitcoin Slips to $64K as Large Grayscale GBTC Outflows Continue

U.S.-listed spot bitcoin ETFs are poised for their first week of net negative flows since late January.

Bitcoin price on March 22 (CoinDesk)