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 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.

By Nate DiCamillo, Kevin ReynoldsApr 5, 2021

Finance

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

Another bitcoin ETF is in the works for Canadian investors.

By Tanzeel AkhtarApr 1, 2021

Markets

Fidelity-Affiliated Fund Files for Bitcoin ETF

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

By Danny NelsonMar 24, 2021

Markets

Grayscale's Sonnenshein Addresses GBTC's Collapsing Premium

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

By Danny NelsonMar 23, 2021

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.

By Kevin ReynoldsMar 19, 2021

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.

By Jamie CrawleyMar 19, 2021

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.

By Nate DiCamilloMar 18, 2021

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.

By Noelle AchesonMar 14, 2021

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.

By Nate DiCamilloMar 12, 2021

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.

By Nate DiCamilloMar 12, 2021

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