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.

Politiche

Probability for U.S. Approval of a Spot Bitcoin ETF Is Fairly High: Bernstein

The lack of a spot ETF leads to the growth of over-the-counter products like the Grayscale Bitcoin Trust, which are more expensive, illiquid and inefficient, the report said.

Di Will Canny3 lug 2023

U.S. Securities and Exchange building (Shutterstock)

Politiche

Coinbase Will Be Surveillance Partner for Fidelity, Other Bitcoin ETFs, Refiled Applications Say

The SEC told Cboe it needed to name its partner earlier Friday.

Di Nikhilesh De30 giu 2023

Mercati

Bitcoin Tumbles on Report of SEC Saying Spot BTC ETF Filings Inadequate

Spot bitcoin ETF applications from BlackRock and Fidelity, among others, had helped drive bitcoin higher over the past two weeks.

Di Stephen Alpher30 giu 2023

Bitcoin daily price chart. (CoinDesk Indices)

Mercati

GBTC Volume Increases 79% in June Amid TradFi ETF Applications

The trust’s trading volume increased to $45 million in June.

Di Lyllah Ledesma28 giu 2023

Grayscale CEO Michael Sonnenshein (CoinDesk)

Finanza

Cathie Wood's ARK Amends Spot Bitcoin ETF Filing to Include Surveillance Sharing, Similar to BlackRock

ARK's application may now be in pole position to be approved first as as it was filed earlier than BlackRock's.

Di Jamie Crawley28 giu 2023

ARK Invest CEO and CIO Cathie Wood (Marco Bello/Getty Images)

Video

Bitcoin Briefly Tops $31K After Fidelity Spot ETF Report

Bitcoin (BTC) saw a mid-morning price surge after The Block reported asset management giant Fidelity was preparing to file for a spot bitcoin ETF. A Fidelity Investments spokesperson told CoinDesk “we are not able to confirm or share an update.” "The Hash" panel weighs in on the recent flurry of spot bitcoin ETF filings from traditional finance giants in the U.S.

27 giu 2023