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

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.

By Amitoj SinghFeb 20, 2024

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.

By Krisztian SandorFeb 19, 2024

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).

By Helene BraunFeb 16, 2024

Markets

Gold Funds See Big Outflows Alongside Rush of Money Into Bitcoin ETFs

Whether the divergence means a migration from gold to bitcoin is a separate question.

By Helene BraunFeb 15, 2024

Money is exiting gold ETFs to start the year.(Tarik Haiga/Unsplash)

Markets

Bitcoin Traders Target $64K as BlackRock ETF Nears $500M in Single-Day Inflow

Excluding Grayscale's Bitcoin Trust, the bitcoin exchange-traded funds have accumulated over $11 billion worth of BTC a month after going live.

By Shaurya MalwaFeb 14, 2024

Three arrows hit bullseye of a target (QuinceCreative/Pixabay)

Finance

Bitcoin ETF First Month Is in the Books: How It Went and What Comes Next

It's been a successful launch, but things could get really interesting once much of the wealth management industry comes on board, which could be sooner than thought.

By Helene Braun, Ian AllisonFeb 13, 2024

Markets

Michael Saylor Believes Demand for Bitcoin Products Is 10x the Supply

MicroStrategy co-founder and executive chairman says his company is re-branding as a bitcoin development company during CNBC interview.

By Sam ReynoldsFeb 13, 2024

MicroStrategy Executive Director Michael Saylor (CoinDesk)

Markets

Bitcoin Pushes Through $50K for First Time Since Late 2021

The world's largest crypto has now more than recovered since tumbling below $40,000 in the initial days following the opening of the spot ETFs.

By Stephen AlpherFeb 12, 2024

CoinDesk's Bitcoin price index, which tracks price data on multiple exchanges, surpassed $50K on February 12. (CoinDesk)

Markets

Bitcoin Runs Into $50K Resistance as Sellers Step In on Binance, Coinbase

Bitcoin approached the $50,000 level Monday for the first time in more than two years, but selling pressure on exchanges stalled the advance.

By Krisztian SandorFeb 12, 2024

Down Arrow spray painted on a brick wall (Shutterstock)

Markets

Bitcoin Tops $47K as Spot Bitcoin ETFs Book One of Their Best Days

Spot bitcoin ETFs attracted Thursday their third-largest net inflows since debut, increasing their holdings by 9,260 BTC.

By Krisztian SandorFeb 9, 2024

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