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

UBS and Citi Will Let Some Customers Trade Bitcoin ETFs, Contrary to Rumors

The banking giants' decisions contrast with Vanguard's decision to bar customers from buying bitcoin ETFs.

UBS logo (Claudio Schwarz/Unsplash)

Opinion

Gary Gensler’s Bitcoin ETF Clown Show

From hacks to unnecessary delays to ungracious statements, the SEC chair has made few friends as he finally approves these in-demand BTC products for the first time.

(Jesse Hamilton/CoinDesk, modified)

Learn

Bitcoin ETFs Explained: What Are They & How Do They Work?

Bitcoin ETFs provide traditional investors with a regulated investment vehicle that enables them to invest in bitcoin without having to directly own the underlying cryptocurrency.

Wall Street sign

Finance

Investment Giant Vanguard Blocks Clients From Buying Bitcoin ETFs

An attempt to purchase BlackRock's iShares Bitcoin Trust (IBIT) and the Grayscale Bitcoin Trust (GBTC) through Vanguard failed.

(Piotr Swat/Shutterstock)

Markets

Cathie Wood Sees Bitcoin Price Reaching $1.5M by 2030 After ETF Approval

ARK Invest's CEO previously predicted the price would reach $1 million by 2030.

Ark Invest CEO Cathie Wood

Policy

Bitcoin ETFs Stir Optimism, Ambivalence and Dread Among Crypto's Staunchest Supporters

They make the asset class "less of a scary concept" to mainstream audiences, bitcoin advocate Jameson Lopp said.

Heading of Bitcoin Whitepaper

Opinion

Bitcoin ETFs and Wall Street: A Double Milestone

The U.S. listing of ETFs based on spot BTC is more than a milestone for Bitcoin. Noelle Acheson points out that it is also a milestone for Wall Street.

(Chenyu Guan/Unsplash)

Markets

Bitcoin Briefly Tops $49K Before Selling Off as ETF Trading Frenzy Commences

Cryptocurrency-focused stocks such as Coinbase and bitcoin miners are also down significantly since Thursday's market open.

Bitcoin price index (CoinDesk)

Finance

BlackRock's Bitcoin ETF Could Attract a Record $3B Inflow in First Trading Day: CF Benchmarks

The fund saw about $400 million of inflows within 30 minutes of its trading debut, CF Benchmarks said.

(Jim Henderson, modified by CoinDesk)

Markets

Coinbase Will Benefit From Spot Bitcoin ETF Approval: Wedbush

The crypto exchange has a dominant role in all but one of the approved ETFs, acting as an issuer or custodian, the report said.

(Alpha Photo/Flickr)