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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.
ProShares, Bitwise File for Bitcoin and Ether ETFs
If approved, the fund will measure "the performance of holding long positions in the nearest maturing monthly bitcoin and ether futures contracts."

Race for Ether Futures ETFs Kicks Off With 6 Firms Filing SEC Applications
Volatility Shares, Bitwise, VanEck, Roundhill, ProShares and Grayscale have filed applications with the SEC for Ether ETFs.

Larry Fink Got 'Orange-Pilled', Says Galaxy Digital's Mike Novogratz: Bloomberg
Galaxy Digital CEO Mike Novogratz said Fink is "the most important thing that happened this year in bitcoin."

Grayscale Urges Equal Treatment for All Spot Bitcoin ETF's in Letter to SEC
If the SEC decides to change course and approve one or more of the above stated spot bitcoin ETF applications, “it must do so in a fair and orderly manner,” the statement said.

Bitcoin Spot ETFs Could Bring $30B in New Demand, Crypto Trader NYDIG Says
A lot can be learned from the listing of the first Gold ETF, but looking to the past also comes with some caveats.

Bitcoin ETPs Witness Record-Breaking Monthly Inflows: K33 Research
ProShares’ Bitcoin Strategy ETF (BITO) has hit an all-time high bitcoin equivalent exposure of 4,425 BTC.

Deadlines for U.S. Spot Bitcoin ETF Approvals Come Into Sight
The applications by industry giant BlackRock and others have sparked speculation approval will be granted.

SEC's Gensler 'Disappointed' by Part of Ripple's XRP Judgement, Still Assessing Opinion
Ripple scored a partial victory in its fight with the SEC last week with a court ruling that institutional sales of the tokens violated federal securities laws, but sales on exchanges and programmatic sales did not.

BlackRock CEO Larry Fink Talks Up Crypto Demand From Gold Investors
The asset management giant last month applied with regulators to open a spot bitcoin ETF.

Grayscale Bitcoin Trust Discount Narrows to Lowest Since May 2022
Buying for the trust has picked up on hopes the SEC might soon approve a spot bitcoin ETF.
