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

Bitcoin Tops $57K as Rally Picks Up Steam

The spot ETFs posted record volumes on Monday as bitcoin gained 6% during U.S. trading hours.

(David Mark/Pixabay)

Markets

Bitcoin ETF High Volume Doesn't Always Mean Heavy Buying: NYDIG

The "turnover ratio" offers an indication of the proportion of a fund's assets traded each day.

Scrabble letters spelling ETF arranged a rack

Markets

Bitcoin ETF Price/Flow Correlation Is Declining: JPMorgan

The correlation reached as high as 0.84 in January, based on estimates from JPMorgan, but it has since slowed.

road through forest forking, seen from above

Markets

Bitcoin ETF Net Inflows Slow to a Trickle as Price Flattens

The 10 spot funds attracted only 500 bitcoin on Wednesday, the least since Feb. 6.

Scrabble letters spelling ETF arranged a rack

Markets

Bitcoin Could Hit $150K This Year, Says Fundstrat's Tom Lee

Lee took note of fresh demand via the new spot bitcoin ETFs, the halving and expected monetary policy easing as being catalysts for higher prices.

Bitcoin price on Feb. 21 (CoinDesk)

Finance

When Bitcoin ETFs Are Right for Investors (and When They're Not)

SEC approval in January opened up the market to a new generation of investors but there are still advantages to directly owning crypto that ETFs can’t provide, says Eric Ervin, CEO of Onramp Invest.

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Markets

Bitcoin ETF Trading Spikes to Busiest Session Since January Debut

Bloomberg exchange-traded funds analyst Eric Balchunas noted a particular uptick in volume for HODL and BTCW

(Sophie Backes/Unsplash)

Policy

South Korea’s Ruling and Opposition Parties Make Crypto-Related Poll Promises Ahead of Elections

South Korea's national elections are scheduled for later this year on April 10.

(Daniel Bernard/ Unsplash)

Markets

Bitcoin ETFs See Record $2.4B Weekly Inflows; BlackRock's IBIT Leads: CoinShares

Inflows accelerated last week, indicating increasing demand for the new spot-based exchange-traded funds, CoinShares head of research James Butterfill said.

Crypto fund weekly inflows as of Feb. 16 (CoinShares)

Finance

JPMorgan Analyst Criticizes Coinbase's Lack of Insights Into Its ETF Business

Coinbase reported strong fourth-quarter earnings on Thursday, partly driven by the launch of the ten spot bitcoin exchange-traded funds (ETFs).

(Alpha Photo/Flickr)