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

Crypto Reverses Early Gains, Bitcoin Dives Back to $69K

Prices had move higher early in U.S. trading on Friday alongside a soft economic data and a rebound in stocks.

Quick slide in crypto prices on Friday (Karsten Winegeart/Unsplash)

Finance

Emory University Joins Bitcoin ETF Rush, Reporting $16M Holding in Grayscale Vehicle

The endowment also reported a modest holding in crypto exchange Coinbase (COIN).

Main quadrangle on Emory University's Druid Hills campus (Wikipedia)

Markets

Bitcoin ETFs Will Soon Hold 1M Tokens, Nearly as Much as Satoshi

The U.S.-based spot funds currently hold about 396,922 bitcoin altogether, with BlackRock’s iShares Bitcoin Trust soon to cross 400,000 in BTC holdings.

U.S. spot bitcoin ETFs could soon hold more bitcoin than the founder of the token, Satoshi Nakamoto. (Unsplash)

Markets

DOGE, XRP Lead Crypto Majors Decline as Bitcoin ETFs Bleed $80M

The broad-based CoinDesk 20 (CD20), a liquid index tracking the largest tokens by market capitalization, fell nearly 2% while bitcoin lost 1%.

Deutsche Bank's survey of retail investors see bitcoin (BTC) price dropping below $20K by year-end (Meg Boulden/Unsplash)

Policy

NYSE, Cboe Win SEC Approval for Bitcoin ETF Options

The decision follows Nasdaq recently also getting permission for options on spot bitcoin ETFs in the U.S.

New York Stock Exchange, NYSE (Shutterstock)

Policy

FBI Arrests Alleged SEC Hacker Linked to Fake Tweet Saying Bitcoin ETFs Were Approved

Eric Council Jr. allegedly hijacked the SEC's X account and then handed control to unnamed co-conspirators, whose fake post drove up bitcoin's price.

SEC office (Nikhilesh De/CoinDesk)

Markets

Bitcoin Demand Surges in Bullish Catalyst That May Drive BTC Price to $70K

Technical indicators point to a price surge, and Polymarket bettors have their money on BTC passing $70K this month.

Bull Market (Kameleon007/Getty Images)

Markets

Open Interest on CME Bitcoin Futures Hits All-Time High, Signals Further Bullishness

CME bitcoin futures open interest reaches all-time high, driven by active and direct participants - K33 Research.

Crypto stocks are starting the week in a bullish frame of mind. (Delphine Ducaruge /Unsplash)

Markets

Bitcoin ETF Daily Inflow Hits $556M as BTC Appears Primed for Breakout

Weekly inflows might challenge records as technical pointers suggest a BTC rally in the works.

Scrabble letters spelling ETF arranged a rack

Markets

Nearly 50% of U.S. Investors Plan to Invest in Crypto ETFs: Charles Schwab Survey

Crypto was the leading asset class among millennial ETF investors, topping even stocks and bonds, the survey showed.

Millenials favor crypto ETFs (Unsplash)