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 Plunges Below $41K as 'Sell the Bitcoin ETF News' Wins the Day

Large inflows in the new spot bitcoin ETFs have been sizably offset by outflows from not just from GBTC but other global bitcoin-related ETPs.

Bitcoin prices fell further on Thursday (Chris Liverani/Unsplash)

Markets

First Mover Americas: dYdX Beats Uniswap, Bitcoin Outlook Dour

The latest price moves in crypto markets in context for Jan. 18, 2024.

(Unsplash, Kanchanara)

Markets

BlackRock's Bitcoin ETF Hits $1B AUM in One Week

IBIT’s holdings consist of 99% bitcoin, and nearly $60,000 in fiat, data shows.

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

Markets

Bitcoin Downside Risks Remain Despite Early Success of Spot ETFs, Observers Say

Several on-chain metrics and indicators still suggest the price correction may not be over or at least that a new rally is still not on the cards, one firm said.

Risk (Gino Crescoli/Pixabay)

Markets

Bitcoin ETF Net Inflows Near $1B After Three Days

Total assets grew even as Grayscale's GBTC saw sizable outflows as investors cash in following its conversion to a spot ETF.

Bitcoin ETF net inflows approach $1B (Shutterstock)

Finance

Bernstein Says Buy the Dip in Bitcoin Mining Stocks Ahead of BTC Price 'Inflection'

The broker says it prefers outperform rated mining stocks Riot Platforms (RIOT) and CleanSpark (CLSK).

Bitcoin's price will go up if the SEC approves spot bitcoin ETFs, Matrixport said. (Unsplash)

Markets

Why 2024 Will Be Bitcoin's Year

ETF approvals and a halving set for April will change the supply-and-demand dynamic of bitcoin, likely sending the price higher, says John Stec at Global X.

(Joshua Earle/Unsplash)

Markets

First Mover Americas: Altcoins Lead, Bitcoin in Stasis Near $42.6K

The latest price moves in crypto markets in context for Jan. 17, 2024.

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Markets

ARK Buys $15.9M Worth of Its Own Bitcoin ETF

ARK sold a similar amount - $15.8 million - worth of shares in the ProShares Bitcoin Strategy ETF (BITO), the first ETF linked to the bitcoin futures market to list in the U.S.

Ark Invest CEO Cathie Wood

Markets

Fidelity's Jurrien Timmer Says Bitcoin to Consolidate Recent Gains Amid ETF Hangover

Some have forecasted sharp declines in bitcoin's price as traders 'sell the news' post-ETF approval, but Fidelity's Director of Global Macro disagrees.

Fidelity Investments sign (Jonathan Weiss/Shutterstock)