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

The SEC Has Rejected Every Bitcoin ETF. This Firm Thinks It Has a Solution

Wilshire Phoenix believes balancing funds between BTC and T-bills may convince the SEC that its bitcoin ETF proposal is better than the rest.

SEC image via Shutterstock

Markets

Former World Gold Council Exec Develops New Bitcoin ETF

The portfolio manager behind SPDR Gold Shares is developing a bitcoin ETF, but winning SEC approval remains a holy grail in the nascent space.

Kryptoin CEO Jason Toussaint

Markets

SEC Restarts Clock on Proposed 'Bitcoin and T-Bills' ETF

Members of the public have another 21 days to send the SEC comments on a proposed ETF backed by bitcoin and Treasury bonds.

(Michael del Castillo/CoinDesk)

Markets

SEC Rejects Bitwise's Latest Bitcoin ETF Proposal

The SEC has rejected Bitwise's proposal for a bitcoin ETF.

Bitwise CIO Matthew Hougan

Markets

SEC Delays Decision on Wilshire Phoenix Bitcoin ETF Proposal

The SEC has delayed making a decision on the Wilshire Phoenix bitcoin and U.S. Treasury bonds ETF proposal.

Credit: Shutterstock

Markets

VanEck, SolidX Withdraw Bitcoin ETF Proposal From SEC Review

VanEck and SolidX just pulled their bitcoin ETF proposal a month before the SEC would have to approve or reject it.

Gabor

Markets

Bitwise Taps BNY Mellon as Transfer Agent for Proposed Bitcoin ETF

Bitwise has tapped Bank of New York Mellon to act as the administrator and transfer agent for its proposed bitcoin ETF.

Bitwise CIO Matthew Hougan

Markets

SEC Chair Clayton: Would-Be Bitcoin ETFs Have 'Work Left to Be Done'

There is “work left to be done” to address the SEC's concerns about bitcoin ETFs, its chairman said weeks before the deadline to approve or reject two proposals.

Jay Clayton (CoinDesk archives)

Markets

VanEck, SolidX to Offer Bitcoin ETF-Like Product to Institutions

VanEck and SolidX aim to launch a limited bitcoin ETF for institutions in the U.S. later this week, but retail investors will be locked out.

Gabor Gurbacs, director of digital-asset strategy at VanEck

Markets

SEC Delays Decisions on 3 Bitcoin ETF Proposals

The SEC has delayed making a decision on three different bitcoin ETF proposals until Sept. 29 at the earliest.

SEC image via Shutterstock