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.


Finanzas

BlackRock Wants to Follow Bitcoin ETF With an Ethereum ETF. Marketing It Might Not Be So Simple

Larry Fink has been talking up a spot ether ETF, but index provider CF Benchmarks sees a conundrum when it comes to selling that product.

Larry Fink (Will Ess for Pixelmind.ai/CoinDesk)

Mercados

Grayscale Moves Another 9K Bitcoin to Exchange in Preparation for Sale

The news sent bitcoin tumbling early Tuesday, but the price quickly recovered.

Bitcoin Price (CoinDesk)

Mercados

First Mover Americas: Binance Traders Led “Sell-The-Fact” Pullback in Bitcoin

The latest price moves in crypto markets in context for Jan. 16, 2024.

A user examines prices on a mobile phone while looking at a graph on a laptop

Opinión

Will the Next Bitcoin Halving Be Another Hype Cycle?

After investors "sold the news" of the launch of bitcoin ETFs, market watchers are looking for the next event that could drive market prices.

The bitcoin halving could lead to a "miner exodus," CoinShares said in a new report. (Tony Litvyak/Unsplash, modified by CoinDesk)

Mercados

First Mover Americas: Bitcoin Pulls Back to $42K; Venezuela Shutters Petro Crypto Project

The latest price moves in crypto markets in context for Jan. 15, 2024.

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Mercados

JPMorgan Sees Significant Capital From Existing Crypto Products Pouring Into New Spot Bitcoin ETFs

The newly created ETFs could attract inflows of up to $36 billion from other crypto products like Grayscale Bitcoin Trust (GBTC), a report said.

(Shutterstock)

Finanzas

SEC Statement on the Hack of Its X Account and the Resulting Fake Bitcoin ETF Approval Announcement

The regulator also provided a timeline of the events in question.

SEC logo (Nikhilesh De/CoinDesk)

Regulación

SEC Comments on Hack of Its X Account and Resulting Fake Bitcoin ETF Approval Announcement

The regulator's latest update on the hack suggests it never lost access to the account.

SEC logo (Nikhilesh De/CoinDesk)

Mercados

BTC Tumbles Below $42K, Coinbase and Miners Plunge as Bitcoin ETF Mania Becomes 'Sell the News' Rout

Previous landmark events such as Coinbase's stock exchange listing and ProShares' futures-based bitcoin ETF debut happened near market tops.

Bitcoin price Jan. 12, 2024 (CoinDesk)