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.


Финансы

Investing in 'Gold' – Via Bitcoin – Is Cheaper Than Ever

All but one of the recently launched spot bitcoin exchange-traded funds (ETF) charge a lower fee than the largest gold ETF, making them a cheaper investment into a gold-like asset.

All but one of the recently launched spot bitcoin exchange-traded funds (ETF) charge a lower fee than the largest gold ETF, making them a cheaper investment into a gold-like asset. (Unsplash)

Финансы

MicroStrategy Makes Its Case as Alternative to Spot Bitcoin ETFs

Michael Saylor's software firm called itself a “bitcoin development company” in its fourth quarter earnings presentation Tuesday night.

MicroStrategy Executive Chairman Michael Saylor (Getty Images)

Рынки

Ether Tops $2.4K as Cathie Wood's Ark, 21Shares Amend Spot ETH ETF Filing

The updated prospectus brings the spot Ethereum ETF application more "in line" with the recently approved spot BTC ETF prospectus, one analyst noted.

ETH price on February 7 (CoinDesk)

Финансы

Forget ETFs, Let’s Work on Tokenizing the Whole Value Chain

“Tokenization” — the biggest buzzword in crypto markets currently — means not just bringing new digital assets on-chains, but, in the future, originating and settling them on-chain as well.

(Tony Pham/Unsplash)

Рынки

CME Trading Volume Reached Highest in 3 Years After Bitcoin ETF Approval

The total derivatives trading volume on CME rose 35% in January to $94.9 billion, the highest since October 2021.

CME trading volume reached highest in 3 years after bitcoin ETF approval (CCData)

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BlackRock’s Bitcoin ETF Inflows Climb to Fifth-Highest Among All ETFs in 2024

Fidelity's spot ETF also garnered a ranking in the top 10 of fund inflows so far this year.

BlackRock's corporate office in New York, New York. (Jim.henderson/Wikimedia Commons)

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Bitcoin ETFs Mean 'Substitution' From Gold Into BTC Will Continue, Says Cathie Wood

While bitcoin's price is often denominated against fiat currencies, Wood pointed out that even relative to gold, BTC has risen consistently since its early days.

Ark Invest CEO Cathie Wood

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Bitcoin ETFs Pose Risk for Coinbase Stock, Leverage Shares Says

COIN was one of the best-performing stocks in 2023, but has dropped by almost a third since the start of 2024.

(Alpha Photo/Flickr)

Финансы

WisdomTree Bets on Adviser Adoption for Bitcoin ETF Success

Of the new spot funds, WisdomTree has so far attracted the lowest amount of AUM at roughly $12.8 million.

Jonathan Steinberg, CEO, WisdomTree (Shutterstock/CoinDesk)

Рынки

Bitcoin ETFs See $700M Net Inflows as BlackRock, Fidelity Gains Offset GBTC Outflows: CoinShares

New U.S. bitcoin ETFs have amassed $7.7 billion in funds since debut, offsetting the $6 billion outflows from incumbents, according to CoinShares data.

Crypto fund flows (CoinShares)