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.


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Institutions Race for Bitcoin, Sending CME Open Interest to Record High

Open interest for the CME's bitcoin product hit 100,000 BTC ($3.4 billion) for the first time ever.

CME dominance (K33 Research)

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Bitcoin in ‘Anti-Gravity’ Phase as ETF Approval Nears Finish Line

As bitcoin pushes 12% during Asia trading, there are parallels to the first Gold ETF and beyond, industry stakeholders and analysts said.

(David Gregg/Getty Images)

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Grayscale Court Victory Over SEC in Spot Bitcoin ETF Case Made Final

Grayscale's application to convert its GBTC to a spot ETF will now be re-considered by the SEC.

Grayscale's Michael Sonnenshein speaks at Invest: NYC 2019 (CoinDesk)

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All Spot-Bitcoin ETF Applications May be Approved Together, Crypto ETF Expert Predicts

Barton's application expertise comes from a recent history of pulling off two regulatory firsts of sorts.

Analysts differ on bitcoin's ultimate reaction to a spot ETF (Unsplash, modified by CoinDesk)

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Coinbase's Grewal Is 'Quite Hopeful' That Bitcoin Spot ETFs Will be Approved

Grewal said in a CNBC interview that the SEC approvals of the ETF applications could be coming soon.

Coinbase Chief Legal Officer Paul Grewal (Shutterstock/CoinDesk)

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SEC Likely to Approve Spot Bitcoin ETF in Next Few Months: JPMorgan

Approval is likely before Jan. 10, which is the final deadline for the Ark 21Shares applications, the report said.

U.S. Securities and Exchange Commission has postponed spot bitcoin ETF responses for two applicants.  (Jesse Hamilton/CoinDesk)

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Grayscale ETF Case's Final Word Coming in Federal Court as SEC Loss Formalized

The court that ordered the SEC to scrap its rejection of Grayscale's spot bitcoin ETF application will set that ruling in stone by Monday.

Michael Sonnenshein (CoinDesk)

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Spot Bitcoin ETF Approval Might Be Near, but Analysts Differ on Possible BTC Price Reaction

One line of thought envisions a major rally, while another suggests approval has been fully baked into prices.

Analysts differ on bitcoin's ultimate reaction to a spot ETF (Unsplash, modified by CoinDesk)

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Bitcoin Holds $28K as Stocks Buckle Under Interest Rate Concerns

Also, there's a growing consensus that SEC approval of a spot bitcoin ETF is surely in the cards.

(Getty Images)

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Spot Bitcoin ETF Approvals Could Add $1 Trillion to Crypto Market Cap, CryptoQuant Says

Blockchain analytics firm CryptoQuant’s models predict that $155 billion will flow into the bitcoin market cap should the ETFs be approved.

BitcoinETF: What Comes Next?