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.


Finance

BlackRock's Bitcoin ETF Might Have Trading Support of Heavyweights Like Jane Street, Jump and Virtu: Source

Amid the crypto crackdown, a BTC ETF, if approved, would open a new pathway for U.S.-based firms to get a piece of the crypto action – in a way that plays to their conventional strengths.

BlackRock HQ

Markets

Bitcoin Primed for 'Supply Shock' as Exchange Balance Drops to 5-Year Low, Analyst Says

A spot ETF approval could fundamentally alter bitcoin's supply and demand dynamics as professional investors would allocate to BTC as an uncorrelated asset, Forex.com's Matt Weller told CoinDesk TV.

Bitcoin balance on exchanges (Glassnode)

Finance

Crypto for Advisors: ETH Futures ETFs and What’s Next

Today in Crypto for Advisors Roxanna Islam from VettaFi discusses the current crypto ETF market with a focus on Eth futures performance.

(mostafa meraji/ Unsplash)

Markets

Bitcoin Is Up 100% This Year. It's Not Just Because of Spot BTC ETF Hype

While most observers tie bitcoin's recent strength to the anticipation of a spot ETF approval, some analysts offer alternative explanations to the crypto's rise.

BTC price in 2023 (CoinDesk)

Markets

Bitcoin Is Not Gold – Why Spot ETF May Not Be 'Sell the News' Event: EY's Brody

The consulting firm's global blockchain leader discussed his bullish outlook in a CNBC appearance.

EY's Paul Brody (CoinDesk)

Markets

Bitcoin Drops 3% After BlackRock BTC ETF Pulled From DTCC's Website

Monday's addition of IBTC to clearinghouse DTCC's site was a factor in bitcoin's explosive move higher.

Bitcoin chart (CoinDesk)

Finance

Coinbase, Bitcoin Miners Extend Gains as BTC Surges on BlackRock ETF Hopes

Shares of Coinbase (COIN), MicroStrategy (MSTR) and Marathon Digital (MARA) climbed more than 13% as bitcoin (BTC) topped $34,000.

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

Markets

Cathie Wood's ARK Invest Sells 2% of Grayscale Bitcoin Trust Holdings as BTC Rallies

The fund also sold about $3.3 million worth of Coinbase shares (COIN) and bought $2.4 million shares of Robinhood (HOOD).

Ark Invest CEO Cathie Wood (Marco Bello/Getty Images, modified by CoinDesk)