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

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.

By Danny NelsonJan 26, 2021

Markets

VanEck Proposes ETF for Bitcoin, Once Again

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

By Brady DaleDec 30, 2020

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

Markets

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.

By Nathaniel WhittemoreDec 10, 2020

Markets

A De Facto Bitcoin ETF? MicroStrategy Is Raising $400M to Buy More BTC

Michael Saylor announced plans to offer convertible bonds with the express intent to buy BTC. The community reacts.

By Nathaniel WhittemoreDec 8, 2020

Breakdown 12.8 - MicroStrategy ETF $400M

Policy

SEC's Clayton Says Payment Inefficiencies Are Boosting Bitcoin's Rise

Clayton sounded more bullish on bitcoin than he's been in years in his Thursday interview with CNBC.

By Kevin Reynolds, Danny NelsonNov 19, 2020

Policy

Solidus Labs Believes Its Crypto Surveillance Tool Can Help Launch a Bitcoin ETF

Solidus Labs believes its new surveillance tool can help regulators maintain confidence in crypto markets, potentially leading to the approval of a bitcoin ETF.

By Nikhilesh DeNov 19, 2020

Solidus Labs CTO Praveen Kumar (left), COO Chen Arad (top) and CEO Asaf Meir (right).

Policy

SEC Is Willing to 'Try' a Tokenized ETF, Chairman Says: Report

SEC Chairman Jay Clayton expressed an openness to a tokenized exchange-traded fund.

By Kevin ReynoldsOct 3, 2020

U.S. Securities and Exchange Commission Chairman Jay Clayton

Markets

WisdomTree Proposes ETF With 5% Bitcoin Exposure Despite SEC's Long-Standing Blockade

WisdomTree is seeking to launch an exchange-traded fund that invests in part in the growing bitcoin futures market.

By Danny NelsonJun 16, 2020

WisdomTree's new ETF filing proposes investing in bitcoin futures, among other commodities. (dp Photography/Shutterstock)

Markets

Bitwise Looks to Retail Market for Its Crypto Index Fund

Bitwise is hoping to draw a retail market for its Bitwise 10 Index Fund, which it intends to list on a regulated alternative trading system later this year.

By Nikhilesh DeMar 27, 2020

Markets

Bitwise Withdraws Bitcoin ETF Application With the SEC

Bitwise's bitcoin ETF has been pulled, but the firm said it plans to refile at a later date.

By Daniel PalmerJan 15, 2020

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