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

Grayscale's GBTC Profit Taking Likely Over, Easing Bitcoin Selling Pressure: JPMorgan

Around $1.3 billion has shifted from GBTC to new spot bitcoin ETFs, equivalent to a monthly outflow of about $3 billion per month, the bank said in a report.

(Shutterstock)

Markets

First Mover Americas: Bitcoin Holds $40K

The latest price moves in crypto markets in context for Jan. 25, 2024.

BTC price FMA, Jan. 25 2024 (CoinDesk)

Markets

Do Bitcoin ETFs Kill the Bull Case for Crypto Equities?

The days of rising crypto prices lifting all boats, including mining stocks, may be gone. But it still looks like being a good year for digital assets, says Alex Tapscott.

(GR Stocks/Unsplash)

Markets

First Mover Americas: Bitcoin Regains $40K

The latest price moves in crypto markets in context for Jan. 24, 2024.

BTC FMA Jan. 24 (CoinDesk)

Finance

Is Grayscale Takeover Bait Amid Bitcoin ETF Battle?

Experts said newcomers in the bitcoin investing game could be enticed by Grayscale, the incumbent with a huge lead.

Michael Sonnenshein (CoinDesk)

Markets

First Mover Americas: Bitcoin Slips Below $39K

The latest price moves in crypto markets in context for Jan. 23, 2024.

Bitcoin price FMA, Jan. 23, 2024 (CoinDesk)

Policy

SEC Shut Off Extra Security on X For About 6 Months, Letting Hacker Breeze In

The U.S. regulator confirmed it didn't take its own security advice through much of 2023, leaving it open for a costly social-media hack that's still under investigation.

Gary Gensler's SEC must now decide what to do about multiple applications for BTC and ETH ETFs (Jesse Hamilton/CoinDesk)

Markets

Bitcoin Slides Below $40K, Now Down Nearly 20% From Post-ETF Euphoria

Analysts at 10x Research are eyeing the $38,000 level for a potential bottom.

Bitcoin plunges below $40K (Eva Blue/Unsplash)

Markets

Bitcoin Bulls Buoyed by Report of FTX's $1B GBTC Sale

Flows of fresh investor money into the newly approved spot bitcoin ETFs may be far higher than previously thought.

(John Angel/Unsplash)