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

First Mover Americas: Bitcoin Regains $42K Following Wednesday's Dip

The latest price moves in crypto markets in context for Feb. 1, 2024.

BTC price, Feb. 1 2024 (CoinDesk)

Finance

Global X Pulls Out of Spot Bitcoin ETF Application

The exchange-traded funds (ETFs) provider was not among the 11 spot bitcoin ETFs that received regulatory approval on January 11.

Exit sign (Paul Brennan/Pixabay)

Markets

First Mover Americas: BTC Loses $43K as Crypto Prices Slip

The latest price moves in crypto markets in context for Jan. 31, 2024.

BTC price FMA Jan. 31 2024 (CoinDesk)

Markets

Bitcoin Price Nears $44K as ETFs See Net Inflows for First Time in a Week

The last previous net inflow day was January 22, when the spot products as a group added just over 1,200 bitcoin.

The 10 spot bitcoin ETFs on Monday experienced their first net inflows in a week (Jim Wilson/Unsplash)

Markets

First Mover Americas: Bitcoin Eclipses $43K Having Gained Nearly 10% in a Week

The latest price moves in crypto markets in context for Jan. 30, 2024.

BTC price FMA, Jan. 30 2024 (CoinDesk)

Markets

Bitcoin ETF Has Broken BTC's Pandemic-Era Price Correlation With Luxury Watches

Crypto prices have decoupled from prices for luxury watches, ending a prolonged positive correlation caused by unprecedented monetary stimulus.

(Agê Barros/Unsplash)

Markets

Invesco Cuts Bitcoin ETF Fee In a Bid to Lure Investors

The asset manager previously had one of the highest fees of 0.39% for its bitcoin ETF.

The bitcoin ETF race is one. (Dallas Reedy/Unsplash)

Markets

Crypto Funds Saw $500M in Outflows Last Week as GBTC Bleed Outweighed Rivals' Gains: CoinShares

While the exit of money from Grayscale has slowed, so too has the rush of new money headed into the other bitcoin ETFs.

Weekly crypto fund flows (CoinShares)

Markets

Anthony Scaramucci Predicts Bitcoin to Hit at Least $170K Post Halving

Scaramucci also praised BlackRock CEO Larry Fink for “[doing] his homework” on bitcoin and changing his mind on the asset.

Anthony Scaramucci sees bitcoin soaring to at least $170,000 after the halving in April. (Shutterstock/CoinDesk)

Markets

First Mover Americas: Bitcoin Consolidates at $42K

The latest price moves in crypto markets in context for Jan. 29, 2024.

BTC price FMA Jan. 29, 2024 (CoinDesk)