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

Bitcoin, Crypto-Related Stocks Are Ripe for Institutional Adoption: Bernstein

Spot bitcoin ETFs are expected to be approved by major wirehouses and large private bank platforms in the third and fourth quarters, the report said.

Bernstein forecasts new crypto cycle ( Hans Eiskonen/Unsplash)

Policy

Australian Securities Exchange Gives Its First Approval of a Spot Bitcoin Listing to VanEck

The fund will provide investors exposure to bitcoin by investing in the VanEck Bitcoin Trust ('HODL') which is a United States ETF listed on the Cboe BZX Exchange, Inc (Cboe).

Sydney, Australia. (Photo by Johnny Bhalla on Unsplash)

Markets

Bitcoin Investment Products Saw Over $600M in Outflows Last Week: CoinShares

Across the broader digital asset ecosystem, investment products saw net $600 outflows of $600 million, entirely driven by BTC's losses

16:9 Exit (Kev/Pixabay)

Markets

Bitcoin ETFs See $226M Outflows Led by Fidelity’s FBTC

BlackRock’s IBIT was the only ETF posting a net inflow on Thursday, while most of the funds recorded outflows.

Heavily shorted crypto stocks like MicroStrategy could be poised to shoot up. (Mediamodifier/Pixabay)

Markets

Ether Price Poised for Supply 'Shock' as ETFs May Attract $4B Inflows in Five Months, K33 Research Says

ETH will start outperforming bitcoin following the ETF launch after almost two and a half years of underperformance, the report said.

Ethereum (Unsplash)

Markets

Bitcoin ETFs Resume Inflow Winning Streak; BlackRock's IBIT Crosses $20B in AUM

After a period of flat to negative flows, the spot ETFs have added $2.4 billion in assets over the past month, according to data from Bloomberg Intelligence.

Scrabble tiles spelling out "ETF GROWTH"

Finance

Wisconsin Pension Plan Likely to Invest Much More in Bitcoin ETF, Marquette Professor Says

David Krause, a professor of finance at Marquette University, said the initial investment by the State of Wisconsin Investment Board is just "a toe in the water" to test the public’s reaction.

The state of Wisconsin has bought roughly $321.5 million worth of BlackRock's spot bitcoin ETF. (Nick Youngson)

Policy

Australia's First Spot Bitcoin ETF With Direct BTC Holdings to Go Live on Tuesday

Australia already has two exchange-traded products providing exposure to spot crypto assets on Cboe Australia but they do not hold bitcoin directly.

Sydney, Australia. (Photo by Johnny Bhalla on Unsplash)

Finance

Franklin Templeton's Jenny Johnson on Bitcoin ETFs, RWA Tokenization and Blockchain's Potential for TradFi

The president and CEO of the asset management giant said blockchains are "transformational tech" that can help drive down operational costs during a panel discussion at Consensus 2024.

Jenny Johnson, Franklin Templeton President and CEO, speaks at Consensus 2024. (Shutterstock/CoinDesk)

Markets

Ether Spot ETFs to See Much Lower Demand Than Bitcoin Versions, JPMorgan Says

Ether spot ETFs could attract as much as $3 billion of net inflows this year, the report said.

(Shutterstock)