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.


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Second Canadian Bitcoin ETF Begins Trading on TSX Today

This is the second bitcoin ETF approved to trade in Canada.

Ontario

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North America's First Bitcoin ETF Hits $165M Trade Volume in First Day: Report

The Canadian fund has experienced a flurry of demand but in the U.S. a bitcoin ETF is an unrealized desire.

Floodgates, dam

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Evolve Becomes Second Canadian Issuer to Win Approval for Bitcoin ETF

It may encourage U.S. regulators to approve their first bitcoin exchange-traded fund.

Toronto skyline

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Blockchain Bites: Bitcoin Volatility Hasn't Shaken Out Institutions

Bitcoin set a new high above $50,000 after erratic trading earlier this week, though options markets are not anticipating a drawdown anytime soon.

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State of Crypto: Will 2021 Finally Be the Year of the Bitcoin ETF?

The market has matured since 2018, when bitcoin ETF applications last hit a peak. It's unclear whether that's enough to see one approved.

SEC building

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NYDIG Files for Bitcoin ETF, Adding to Firms Hoping 2021 Is When SEC Finally Says 'Yes'

The filing comes on the same day as bitcoin hit $50,000 for the first time ever.

Securities and Exchange Commission building in Washington, D.C.

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Canadian Firm Files for Bitcoin ETF on Toronto Stock Exchange

The Accelerate Bitcoin ETF would list on the Toronto Stock Exchange under the ticker “ABTC.”

Toronto Stock Exchange

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Cathie Wood: Bitcoin ETF Approval Unlikely Until Market Cap Rises to About $2T

"The flood of demand has to be satisfied" for the SEC to feel comfortable with a bitcoin ETF, said Wood.

Cathie-Wood-ARK-invest-video-2020

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VanEck Proposes ETF for Bitcoin, Once Again

So far, the SEC has considered many applications for bitcoin-based ETFs and rejected them all.

Securities and Exchange Commission building in Washington, D.C.

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SEC Commissioner Hester Peirce on a Bitcoin ETF, Custody Rules and What's Next for the SEC

The SEC commissioner explains why the SEC’s approach has been “too slow and too ambiguous” and why she’s optimistic for 2021.

Breakdown 12.10 - Hester Peirce SEC ETF