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 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.

By Shaurya MalwaFeb 6, 2024

Finance

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.

By Helene BraunFeb 5, 2024

Jonathan Steinberg, CEO, WisdomTree (Shutterstock/CoinDesk)

Markets

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.

By Krisztian SandorFeb 5, 2024

Policy

South Korean Regulator to Discuss Spot Bitcoin ETF With U.S. SEC: Report

In December it was reported that Financial Supervisory Service head Lee Bok-hyun was planning on meeting U.S. SEC Chairman Gary Gensler for the first time to discuss crypto regulation.

By Camomile ShumbaFeb 5, 2024

Opinion

A Bitcoin ETF Will Never Be Your Bitcoin

Bitcoin ETFs give investors exposure to price movements but not to the financial ownership and sovereignty that makes crypto different from other financial assets, says Pascal Gauthier, Chairman and CEO at Ledger.

By Pascal GauthierFeb 2, 2024

An employee connects a Ledger wallet to a computer inside the offices of La Maison du Bitcoin bank in Paris.

Markets

Bitcoin ETF Provider Valkyrie Adds BitGo as Second Custodian in Risk Mitigation Move

The digital asset investment firm has become the first of the ETF providers to diversify custody of its coins by tapping BitGo's expertise in addition to Coinbase

By Jamie CrawleyFeb 2, 2024