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

Hong Kong Bitcoin and Ether ETFs Have Soft Debut

The volume of crypto exchange-traded funds came in at just over $11 million.

Hong Kong harbor skyline view into Kowloon

Markets

Bitcoin Wavers Around $63K, Awaiting Hong Kong Spot Crypto ETF Debut

Despite muted anticipation for the new products, an executive of one of the issuers reportedly expects that the first-day issuance of the Hong Kong offerings will exceed the U.S. debut in January.

Bitcoin price on April 29 (CoinDesk)

Markets

Press Briefing With ChinaAMC Executive Ahead of Tuesday Launch of Hong Kong Spot Bitcoin and Ether ETFs

Zhu Haokang is head of digital asset management and family wealth at one of the ETF providers, ChinaAMC, and expects initial subscriptions into the products will surpass those seen by the U.S. funds.

Hong Kong (Ruslan Bardash / Unsplash)

Finance

Bitcoin ETF Slowdown Is a Short-Term Pause Not the Beginning of a Negative Trend: Bernstein

Investment platforms will take some time to establish the necessary compliance framework to sell bitcoin ETF products, the report said.

Time on clock stop by nail delay concept. (Dimj/Shutterstock)

Policy

Australian Securities Exchange Could Approve Spot-Bitcoin ETFs Before 2024-End: Bloomberg

Bloomberg's report cited "people familiar with the matter, who asked not to be identified as the information is private."

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

Markets

Bitcoin Stable Above $64K While ETF Outflows Hit $200M

The relationship between bitcoin's price and ETF outflows is weakening

(CoinDesk Indices)

Finance

Morgan Stanley May Soon Allow Brokers to Pitch Bitcoin ETFs to Customers: Report

The move may bring fresh energy and capital into the spot ETFs.

Morgan Stanley (Shutterstock)

Finance

Spot Bitcoin, Ether ETFs Get Official Approval in Hong Kong; 'Potential Fee War' Unfolding, Says Analyst

One of the issuers waived management fees for the first six months, undercutting rival offerings.

Spot bitcoin ETFs could soon be coming to Hong Kong (Allan Watt/Flickr)

Finance

Grayscale's Planned Mini Bitcoin ETF Will Have a 0.15% Fee, the Lowest Among Spot Bitcoin ETFs

Grayscale said it will contribute 10% of Grayscale Bitcoin Trust (GBTC) assets to the Bitcoin Mini Trust.

Grayscale advertisement on stairs (Grayscale)

Consensus Magazine

This Bitcoin Halving Is Different. But Is It 'Priced In'?

Institutions launching bitcoin ETFs this year have buoyed the bitcoin price to record levels. Does that mean the impact of the halving — the four-year slashing of the bitcoin reward — could be relatively muted?

(Giovanni Calia/Unsplash)