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

BlackRock’s Bitcoin ETF First to Reach $2B in AUM

The fund now holds nearly 50,000 bitcoin after adding almost another 4,300 tokens on Thursday.

By Helene BraunJan 26, 2024

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

Markets

First Mover Americas: Bitcoin Regains $41K in End of Week Rally

The latest price moves in crypto markets in context for Jan. 26, 2024.

By Jamie CrawleyJan 26, 2024

Markets

ARK Bought $62.3M Worth of Own ETF in Last Week; Sold $42.7M of BITO

ARKW now holds $91.4 million of ARKB, constituting a 5.98% weighting of the fund's total value

By Jamie CrawleyJan 26, 2024

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.

By Will CannyJan 25, 2024

Markets

First Mover Americas: Bitcoin Holds $40K

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

By Jamie Crawley, Omkar GodboleJan 25, 2024

Markets

Bitwise Becomes First Spot Bitcoin ETF Provider to Provide Wallet Address

The move drew applause from industry experts.

By Helene BraunJan 24, 2024

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.

By Alex TapscottJan 24, 2024

Markets

First Mover Americas: Bitcoin Regains $40K

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

By Jamie Crawley, Omkar GodboleJan 24, 2024

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.

By Helene BraunJan 23, 2024

Markets

First Mover Americas: Bitcoin Slips Below $39K

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

By Jamie Crawley, Omkar GodboleJan 23, 2024

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

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