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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.
Cathie Wood Sees Bitcoin Price Reaching $1.5M by 2030 After ETF Approval
ARK Invest's CEO previously predicted the price would reach $1 million by 2030.
Bitcoin ETFs Stir Optimism, Ambivalence and Dread Among Crypto's Staunchest Supporters
They make the asset class "less of a scary concept" to mainstream audiences, bitcoin advocate Jameson Lopp said.
Bitcoin ETFs and Wall Street: A Double Milestone
The U.S. listing of ETFs based on spot BTC is more than a milestone for Bitcoin. Noelle Acheson points out that it is also a milestone for Wall Street.
Bitcoin Briefly Tops $49K Before Selling Off as ETF Trading Frenzy Commences
Cryptocurrency-focused stocks such as Coinbase and bitcoin miners are also down significantly since Thursday's market open.
BlackRock's Bitcoin ETF Could Attract a Record $3B Inflow in First Trading Day: CF Benchmarks
The fund saw about $400 million of inflows within 30 minutes of its trading debut, CF Benchmarks said.
Coinbase Will Benefit From Spot Bitcoin ETF Approval: Wedbush
The crypto exchange has a dominant role in all but one of the approved ETFs, acting as an issuer or custodian, the report said.
Grayscale’s GBTC Discount Closes to Zero for First Time Since February 2021
Grayscale received the regulatory green light to convert its flagship product into an ETF on Wednesday.
Grayscale, BlackRock Top Bitcoin ETF Volume Ranking as Products Debut
Here's a ranking of the 11 newly trading bitcoin ETFs, in terms of first-day trading volume.
Bitcoin Miners May Be Due a Breather After Spot ETF Approval, JPMorgan Says
The total market cap of the listed miners in the bank’s coverage has increased 131% since the end of September, the report said.
First Mover Americas: Grayscale's Is the First ETF to Begin Trading
The latest price moves in crypto markets in context for Jan. 11, 2024.
