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

A Spot Bitcoin ETF Still Seems Unlikely

ETF proponents hope the approval of a recent bitcoin futures ETF portends the approval of a spot ETF. The SEC still has concerns.

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Finance

Direxion Refiles With SEC for Short Bitcoin Futures ETF

The exchange-traded fund issuer had withdrawn its application late last year.

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Finance

First Mover Americas: Spot ETF Speculation Grips Bitcoin Market

The latest moves in crypto markets in context for April 7, 2022.

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Policy

SEC Approves Teucrium's Bitcoin Futures ETF

Teucrium's approval may hint at a future spot bitcoin ETF approval.

(Al Drago/Bloomberg via Getty Images)

Finance

ProShares Aims to Let Investors Bet Against Bitcoin With New ETF

The company filed an application with the SEC for the Short Bitcoin Strategy ETF.

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Finance

SEC Rejects Spot Bitcoin ETF Application From Ark 21Shares

The move continues a recent string of denials by the SEC of applications for spot bitcoin ETFs.

Cathie Wood

Policy

Spot Bitcoin ETFs Could See Approvals by 2023: Bloomberg Intelligence

A proposed change that would require crypto exchanges to register with the SEC may be key to future approvals, two analysts wrote.

Bitcoin Climbs Above $60K After Report SEC Won’t Block Futures ETF

Policy

SEC Rejects NYDIG, Global X Spot Bitcoin ETF Applications

The move continues a recent string of denials by the SEC of applications for spot bitcoin ETFs.

SEC Reportedly Investigating Uniswap Labs

Policy

Hong Kong Regulators Impose Limits on Investing in Spot Crypto ETFs

Regulators want only professional investors to be exposed to those kinds of products.

Hong Kong skyline (Gary Yeowell/Getty Images)

Finance

SEC Rejects Fidelity’s Wise Origin Bitcoin ETF Proposal

The rejection of a spot bitcoin ETF follows precedent and underlines the SEC's preference for ETFs that track the bitcoin futures market.

SEC (Image via Mark Van Scyoc / Shutterstock)