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

Grayscale's Sonnenshein Addresses GBTC's Collapsing Premium

Sonnenshein thinks U.S. regulators aren't ready to approve a bitcoin ETF yet.

Grayscale Investments CEO Michael Sonnenshein

Markets

First Trust Advisors, Scaramucci-Led SkyBridge Team to File for Bitcoin ETF

The two firms are just the latest to file for an ETF, following in the footsteps of WisdomTree, Valkyrie, NYDIG and VanEck.

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Markets

Brazil Becomes Second Country in the Americas to Approve a Bitcoin ETF

The Brazil Securities and Exchange Commission (CVM) has approved QR Capital's bitcoin ETF which will trade on the Sao Paulo-based B3 exchange.

Brazil

Markets

SEC Publishes VanEck's Bitcoin ETF Application, Kicking Off Decision Clock

The regulator now has 45 days to approve or deny the application or extend the review period.

VanEck Director of Digital Asset Strategy Gabor Gurbacs

Markets

Crypto Long & Short: What NFT 'Markets for Emotion' Say About Tech Business Models

NFTs may be frothy right now, but they reveal a new type of price discovery for a new type of value, which could change business models.

China Displays Lunar Samples From Moon Mission

Finance

Valkyrie Files for an ETF That Would Invest in Firms With Bitcoin on Their Balance Sheets

The proposed ETF would invest in companies who own bitcoin on their balance sheet, potentially serving as a proxy to the price of bitcoin.

markets, price

Markets

Grayscale's ETF Push Highlights Existential Threat to GBTC Dominance

Grayscale's competitive moat is shrinking as rival offerings attract investor money, amid speculation the SEC might be moving to approve a bitcoin ETF.

Grayscale Investments CEO Michael Sonnenshein

Markets

WisdomTree Files for a Bitcoin ETF

Others applying to offer a bitcoin ETF in the U.S. include NYDIG, Valkyrie and VanEck.

Africa, bitcoin

Markets

Grayscale Halts New Investments in GBTC

Earlier today, the investment manager’s parent company, Digital Currency Group, said it authorized the purchase of GBTC shares.

sonnenshein, grayscale

Finance

Grayscale, Firm Behind Leading Bitcoin Trust, Is Hiring ETF Specialists

Nine new job postings indicate Grayscale is considering joining the race to win the SEC’s first bitcoin ETF approval.

Grayscale Investments CEO Michael Sonnenshein