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.


Policy

Cathie Wood's Ark 21Shares Bitcoin ETF Application Decision Pushed Out by SEC

The regulator is reviewing more than a dozen spot bitcoin and ether future ETF applications.

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

Finance

SEC Likely to Approve Several Spot ETFs, Sparking Next Bitcoin Rally: Matrixport

A report from the firm cited how big Grayscale Bitcoin Trust was at its peak.

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

Markets

First Mover Asia: First $30K, Then $40K, but Bitcoin Needs Volatility First

The world’s largest digital asset is rangebound, but so far this year, bitcoin is beating the returns most digital asset funds are posting.

(CoinDesk Indicies)

Markets

First Mover Asia: Bitcoin Teases $30K While the Long Wait for an ETF Continues

Trading volume is down, but all signs point to a break-out around the corner.

(CoinDesk)

Policy

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."

New York Stock Exchange with banner flagging ProShares Bitcoin Strategy ETF on the day it started trading.

Policy

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.

Photo of the SEC logo on a building wall

Finance

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."

Galaxy Digital CEO Mike Novogratz (Suzanne Cordiero/Shutterstock/CoinDesk)

Finance

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.

(Grayscale Investments Chief Legal Officer Craig Salm/CoinDesk TV)

Markets

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.

BitcoinETF: What Comes Next?

Markets

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.

Layer 2 blockchains could siphon revenue away from Ethereum. (Muhammad Iswahyudi/Pixabay)