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

Bitwise, Fidelity See Biggest Bitcoin ETF Inflow, Grayscale Loses Only $95M in Early Tally

BlackRock's IBIT saw the third-biggest inflow, though the data might be incomplete, analysts pointed out.

By Krisztian SandorJan 12, 2024

Markets

First Mover Americas: Franklin Templeton's Bitcoin ETF Becomes the Cheapest

The latest price moves in crypto markets in context for Jan. 12, 2024.

By Lyllah LedesmaJan 12, 2024

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

Markets

BlackRock CEO Larry Fink Backs Ether ETF

The asset management giant may now be looking to list an equivalent product for ether, the native token of the Ethereum blockchain, as part of its ongoing journey toward tokenization.

By Jamie CrawleyJan 12, 2024

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

Markets

Franklin Templeton's Bitcoin ETF Now the Cheapest After 10 Basis Point Reduction

After initially revealing their fees on Monday, several providers then reduced them spying the impending battle for market share that would ensue once the funds were approved

By Jamie CrawleyJan 12, 2024

Finance

Bitcoin Miner Outflows Hit Six-Year Highs Ahead of Halving, Sparking Mixed Signals

CryptoQuant data shows that miners are moving bitcoin to exchanges, likely because of a need to build more liquidity in anticipation of higher capital expenditures.

By Sam ReynoldsJan 12, 2024

ASIC Miners (Sandali Handagama/CoinDesk)

Finance

CoinShares Exercises Option to Buy Bitcoin ETF Provider Valkyrie to Add U.S. Arm

CoinShares said the decision is a direct result of the SEC's approval for spot bitcoin ETF listings.

By Jamie CrawleyJan 12, 2024

Jean-Marie Mognetti, CEO CoinShares (CoinShares)

Markets

Bitcoin ETF Debut Serves as a Lesson for Ether ETF Speculators

Bitcoin's experience cautions traders against betting bullish on volatility on the day of the ETF approval.

By Omkar GodboleJan 12, 2024

Books, pile, education (sweetlouise/Pixabay)

Policy

South Korean Financial Regulator Says U.S. Bitcoin ETFs May Violate Local Law

Further review and consideration regarding crypto ETFs is planned, the regulator says.

By Sam ReynoldsJan 12, 2024

Opinion

The Biggest Bitcoin ETF Threat No One Is Talking About

A majority of bitcoin ETF issuers have chosen Coinbase as a custodian, which is a concentration of risk. Even if that is the safest option, new cybersecurity standards are needed for making crypto custody truly safe.

By David SchwedJan 11, 2024

It’s not Coinbase itself that worries, Halborn COO David Schwed. It's the comparative lack of experience and regulation between TradFi and crypto-natives. (Photo by Steven Ferdman/Getty Images)

Finance

UBS and Citi Will Let Some Customers Trade Bitcoin ETFs, Contrary to Rumors

The banking giants' decisions contrast with Vanguard's decision to bar customers from buying bitcoin ETFs.

By Helene BraunJan 11, 2024

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