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

Third Bitcoin ETF Expected to Launch in Canada This Week

If approved, North America's third bitcoin ETF is planned for listing on Tuesday.

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Finance

Wealth Managers Want Clarity on Bitcoin Rules: Reuters

Leuthold Group Chief Investment Officer Jim Paulsen told Reuters he is frustrated by not being able to hold bitcoin for his clients.

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Markets

State Street Would Be the Fund Administrator for VanEck’s Pending Bitcoin ETF

The global custodian would custody ETF shares and provide fund accounting if the ETF approved by the SEC.

State Street, State Street Corporation

Markets

The Node: SEC Worried About Default Bitcoin ETFs

Gary Gensler could take charge of the SEC. Will he be open to more innovation, like bitcoin exchange-traded products?

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Policy

State of Crypto: How SEC Chair Gary Gensler Could Differ From Predecessor Jay Clayton

Gary Gensler will testify before the U.S. Senate Banking Committee today for a confirmation hearing on his nomination to lead the SEC.

Former CFTC Chair Gary Gensler will appear for his confirmation hearing before the Senate Banking Committee today.

Markets

CBOE Kicks Off Bitcoin ETF Clock With VanEck Filing

The SEC now has 45 days to either approve or disapprove the application, or extend the review period.

Gabor Gurbacs, director of digital-asset strategy at VanEck

Markets

Crypto Long & Short: Interest in DeFi Is Surging. You Can Thank GameStop.

This week’s congressional hearings, as well as the appearance of new institutional onramps, point to growing investor interest in a new type of capital market.

House Republicans Said to Drop Two Demands On Debt Limit

Markets

CI Global Files to Issue North America’s Third Bitcoin ETF

A subsidiary of a firm overseeing more than $230 billion in assets will work with Galaxy Digital on what could be the third bitcoin ETF in Canada.

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Markets

Canada’s First Bitcoin ETF Hits $421.8M AUM in Two Days

One analyst said the ETF could reach $1 billion in assets under management by the end of next week.

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