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.


Finance

Morgan Stanley to Offer Bitcoin ETFs to Wealthy Clients: CNBC

The move will take effect on Wednesday and will be open to clients with a net worth of at least $1.5 million.

Morgan Stanley (Shutterstock)

Markets

Bitcoin ETFs Break Inflow Streak as Traders Look to Trump’s Nashville Appearance for Volatility

Bitwise’s BITB led with $70 million in net outflows, followed by Ark’s ARKB at $52 million and Grayscale’s GBTC at $27 million.

outflows (Unsplash)

Markets

BlackRock's Spot Bitcoin ETF Draws $526M in Net Inflows

BTC failed to take out key price resistance despite huge inflows into BlackRock's IBIT.

BlackRock headquarters (Shutterstock)

Markets

Bitcoin Tops $67K as Cryptos Rally Amid Global IT Outage; Solana's SOL Leads Altcoins

Friday's crypto rally defied past days' correlation with U.S equities, which continued their losing streak.

Bitcoin price on July 19 (CoinDesk)

Markets

Bitcoin ETF Inflows Hit Six-Week High of $422.5M

BTC's price has recovered 23% since hitting lows near $53,500 on July 5.

Spot BTC ETFs: Daily net inflows. (Coinglass)

Markets

Bitcoin ETF Traders Bought the Dip and Now Are Buying the Rebound as Inflows Topped $300M Monday

It was the seventh consecutive day of net inflows for the U.S.-based spot funds.

Scrabble tiles spelling out "ETF GROWTH"

Finance

BlackRock’s Larry Fink: Bitcoin Is ‘Legitimate Financial Instrument'

The company's iShares Bitcoin Trust (IBIT) added roughly $4 billion in assets in the second quarter.

Larry Fink reiterated  that bitcoin is a legitimate financial asset (Sean Gallup/Getty images)

Markets

First Mover Americas: Bitcoin Regains $57K Following $300M of ETF Inflows

The latest price moves in crypto markets in context for July 9, 2024.

BTC price, FMA July 9 2024 (CoinDesk)

Markets

Bitcoin ETF Traders Buy the Dip With Nearly $300M Inflows

Net inflows on Monday were the highest since early June, data shows, with Blackrock’s BTC ETF taking on almost $190 million.

El Salvador bought the dip. (Unsplash, modified by CoinDesk)