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

XRP Jumps 17%, Beating Bitcoin Gains, as Ripple-SEC Case Ends

Trading volumes nearly tripled and open interest on XRP-tracked futures jumped $200 million in the past 24 hours.

By Shaurya Malwa, Sam ReynoldsAug 8, 2024

Finance

Hong Kong Digital Bank Mox Adds Crypto ETFs, Plans Direct Crypto Investing

The bank becomes one of several offering bitcoin and ether ETFs to Hong Kong customers despite relatively low demand.

By Helene BraunAug 7, 2024

Hong Kong harbor skyline view into Kowloon

Markets

Bitcoin Whales Increased Holdings During Crypto Market Mayhem, but ETF Investors Didn't Buy the Dip

Though posting net outflows on Monday, the spot ETF action did show some positive surprises, Bloomberg ETF analyst Eric Balchunas noted.

By Krisztian SandorAug 6, 2024

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.

By Jamie CrawleyAug 2, 2024

Markets

BTC Outperforms Broader Crypto Market, Ether Price Drop Mirrors Bitcoin ETF Launch

AAVE is surging following a token buyback proposal.

By Sam Reynolds, Shaurya Malwa, Krisztian SandorJul 26, 2024

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.

By Shaurya MalwaJul 24, 2024

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.

By Omkar GodboleJul 23, 2024

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.

By Krisztian SandorJul 19, 2024

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.

By Omkar GodboleJul 17, 2024

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.

By Helene BraunJul 16, 2024

Scrabble tiles spelling out "ETF GROWTH"

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