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.

Marchés

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.

Par Oliver Knight24 oct. 2023

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.

Par Aoyon Ashraf24 oct. 2023

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

Marchés

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).

Par Jamie Crawley24 oct. 2023

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

Marchés

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.

Par Oliver Knight24 oct. 2023

Marchés

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.

Par Sam Reynolds24 oct. 2023

Juridique

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.

Par Stephen Alpher23 oct. 2023

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

Juridique

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.

Par Amitoj Singh23 oct. 2023

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

Finance

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.

Par Aoyon Ashraf20 oct. 2023

Coinbase Chief Legal Officer Paul Grewal (Shutterstock/CoinDesk)

Juridique

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.

Par Will Canny20 oct. 2023

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

Juridique

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.

Par Jesse Hamilton19 oct. 2023

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