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.

Markets

Market Wrap: Bitcoin Outperforms as Traders Prepare for Next Leg Higher

Bitcoin is up about 5% over the past week, compared with a 3% rise in ether over the same period.

By Damanick Dantes, Helene BraunNov 9, 2021

Bitcoin market dominance ratio (Damanick Dantes/CoinDesk, TradingView)

Finance

BlockFi, Neuberger Berman File for Spot Bitcoin ETF

The BlockFi NB Bitcoin ETF would provide direct exposure to bitcoin, if approved.

By Kevin ReynoldsNov 8, 2021

Podcasts

Why Some US Congressmen Are Asking Gensler About a Bitcoin Spot ETF

By Nathaniel WhittemoreNov 4, 2021

Tech

Why the Advisor Crypto Technology Gap Is Closing

Cryptocurrency technology and infrastructure developed first for the individual investor. Today, advisors have the most of the same capabilities and opportunities as do-it-yourselfers.

By Christopher RobbinsNov 4, 2021

Policy

Direxion Withdraws Application for Short Bitcoin Futures ETF

The fund would have maintained short exposure to bitcoin futures contracts issued by the Chicago Mercantile Exchange.

By Jamie CrawleyNov 3, 2021

Policy

SEC Delays Decision on Valkyrie Bitcoin ETF Until Next Year

The new date for a decision is Jan. 7, 2022.

By Jamie CrawleyNov 2, 2021

Finance

Crypto Fund Inflows Slow After Record Jolt From Bitcoin Futures ETF

The majority of inflows were bitcoin-related, with a total of $269 million pumped into investment funds focused on the original cryptocurrency.

By Helene BraunNov 1, 2021

Chart of weekly flows of investor money into crypto funds shows a big uptick last week.

Policy

SEC Will Not Approve Leveraged Bitcoin ETF: Report

The report comes two days after Valkyrie Investments filed to offer 1.25x leveraged bitcoin futures ETF.

By Jamie CrawleyOct 28, 2021

Markets

Market Wrap: Bitcoin Dips Below $60K as ETF Enthusiasm Fades

“We may see significant price erosion,” said one trader.

By Damanick Dantes, Helene BraunOct 27, 2021

Bitcoin support and resistance levels (CoinDesk, TradingView)

Markets

It’s BITO vs. GBTC vs. BTC as Bitcoin ETF Wars Heat Up

Grayscale reiterated its confidence that a “spot ETF” will eventually win approval, even as some analysts argue that market signals suggest otherwise.

By Lyllah LedesmaOct 27, 2021

The battle of the ETFs is heating up – and it's only just begun. (Metropolitan Museum of Art, modified by CoinDesk)

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