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.


Finance

WisdomTree Lists Bitcoin ETP on Deutsche Boerse as ETF Application Awaits SEC Review

The bitcoin ETP goes live in Frankfurt while U.S. regulators consider WisdomTree’s bitcoin ETF application.

Deutsche Boerse

Policy

What Coinbase’s Rise Says to the World

Coinbase's listing on Nasdaq sends a powerful signal of legitimacy to the U.S. crypto community, as well as to the crypto-curious in the traditional financial sector.

Coinbase CEO Brian Armstrong

Videos

Galaxy Digital Files for a US Bitcoin ETF

Galaxy Digital has become the latest company seeking approval to register a bitcoin ETF. With Galaxy, there are now nine pending ETF applications with the U.S. Securities and Exchange Commission (SEC). “The Hash” panel discusses the U.S. bitcoin ETF race and how an ETF would impact the crypto market.

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Finance

Galaxy Digital Files for US Bitcoin ETF

It's one of several such applications before the U.S. Securities and Exchange Commission.

Galaxy CEO Mike Novogratz

Markets

SEC Begins Review of WisdomTree Bitcoin ETF as Active Applications Hit 8

Krpytoin also filed for a bitcoin ETF on Friday.

SEC logo

Markets

BNY Mellon Would Be Service Provider for First Trust, SkyBridge’s Proposed Bitcoin ETF

The custody bank would provide ETF basket operations, order taking, fund accounting, fund administration and transfer agency services.

BNY Mellon

Markets

Grayscale ETF Announcement May Shore Up GBTC Discount, Analysts Say

With redemptions in sight, GBTC shareholders now know they won’t be paying a 2% annual fee forever.

Grayscale CEO Michael Sonnenshein.

Markets

Grayscale Says It's '100% Committed to Converting GBTC Into an ETF'

In a blog post, the world's largest digital asset manager, confirmed its intent to offer an ETF.

sonnenshein, grayscale

Finance

CoinShares Partners With Canada’s 3iQ to Launch New Bitcoin ETF on TSX

Another bitcoin ETF is in the works for Canadian investors.

Toronto skyline

Markets

Fidelity-Affiliated Fund Files for Bitcoin ETF

Peter Jubber, the managing director of Fidelity Digital Funds, serves as president of the trust.

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