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.


Finanza

BlackRock May Have Found Way to Get SEC Approval for Spot Bitcoin ETF

The asset management giant included a surveillance-sharing agreement in its proposal, which could eliminate the risk of market manipulation related to bitcoin.

BlackRock headquarters in New York (Jeenah Moon/Bloomberg via Getty Images)

Mercati

Bitcoin Shorts Lose $16M as BlackRock ETF Filing Sparks Bullish Outlook

Total crypto market capitalization rose, with dogecoin (DOGE) leading gains among major tokens.

(Getty)

Finanza

BlackRock Close to Filing for Bitcoin ETF Application: Source

BlackRock will be using Coinbase (COIN) Custody for the ETF and the crypto exchange’s spot market data for pricing, the source said.

BlackRock headquarters (Shutterstock)

Finanza

Metalpha Launches Grayscale-Based Digital Asset Fund

Metalpha’s Hong Kong-licensed fund will give investors exposure to Grayscale’s products, but also allow for withdrawals which is something currently missing for U.S. investors.

Hong Kong (anuchit kamsongmueang/Getty Images)

Opinioni

A Dozen Reasons Why the SEC Should Have Approved Grayscale's Spot Bitcoin ETF

Gary Gensler has rejected every bitcoin exchange-traded fund application in the name of consumer protection. So why doesn't he listen to what consumers have to say?

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

Politiche

Judges Express Skepticism of SEC Arguments in Grayscale Bitcoin ETF Hearing

The panel of appeals court judges questioned the SEC's logic in drawing a distinction between bitcoin spot market prices and futures market prices.

U.S. Court of Appeals for District of Columbia Circuit (Jesse Hamilton/CoinDesk)

Politiche

Grayscale to Argue SEC’s Inconsistency as Bitcoin ETF Dispute Heads to Court

The company’s appeal of the Securities and Exchange Commission’s rejection of its bitcoin ETF will be argued in U.S. federal court next week in Washington, D.C.

Don Verrilli Jr. (Jesse Hamilton/CoinDesk)

Politiche

SEC Rejects Ark 21Shares Spot Bitcoin ETF for Second Time

The U.S. markets regular has rejected a score of ETF applications for products that invest directly in bitcoin while approving a number of funds tracking the BTC futures market.

SEC Building (Shutterstock)

Politiche

Grayscale Slams SEC's 'Unreasonable' Barring of Spot Bitcoin ETFs

The asset manager said the regulator's defense of its decision to block a spot bitcoin ETF is "illogical."

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

Finanza

Grayscale Will Explore Returning Portion of Investor Capital if SEC Refuses Spot Bitcoin ETF

Grayscale sued the U.S. regulator in June after its latest spot bitcoin ETF application was denied.

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