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

Grayscale’s GBTC Discount Closes to Zero for First Time Since February 2021

Grayscale received the regulatory green light to convert its flagship product into an ETF on Wednesday.

(TradingView)

Markets

Grayscale, BlackRock Top Bitcoin ETF Volume Ranking as Products Debut

Here's a ranking of the 11 newly trading bitcoin ETFs, in terms of first-day trading volume.

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

Markets

Bitcoin Miners May Be Due a Breather After Spot ETF Approval, JPMorgan Says

The total market cap of the listed miners in the bank’s coverage has increased 131% since the end of September, the report said.

(Sandali Handagama)

Markets

First Mover Americas: Grayscale's Is the First ETF to Begin Trading

The latest price moves in crypto markets in context for Jan. 11, 2024.

Michael Sonnenshein (CoinDesk)

Markets

Ether ETF Hopes Drive Smart Money Bets After Historic Bitcoin ETF Approval

Bets on Ethereum tokens may spark a reversal of fortunes for ETH investors, especially as the token underperformed bitcoin in 2023.

SEC logo (Nikhilesh De/CoinDesk)

Markets

Grayscale Claims Bragging Rights for First Spot Bitcoin ETF to Begin Trading

Grayscale's conversion of its $27 billion bitcoin trust into an ETF was finally approved by the Securities and Exchange Commission (SEC) on Wednesday

Grayscale ad in NYC (Nikhilesh De/CoinDesk)

Markets

Gary Gensler Voted to Approve Bitcoin ETFs, Despite Public Criticism

Three out of five committee members approved the various filings that gave the green light for the first-ever spot bitcoin ETFs to be offered in the U.S.

Securities and Exchange Commission Chairman SEC Gary Gensler (Jesse Hamilton/CoinDesk, modified)

Finance

Ben Franklin's Laser Eyes Suggest a Tough – and Quirky – Battle for Bitcoin ETFs

Franklin Templeton, the $1.5 trillion asset manager, gave its famous logo a glowing, crypto-y tweak after the SEC approved bitcoin ETFs, possibly girding for a tough battle with BlackRock and other Wall Street giants.

Franklin Templeton has joined the race to launch an ethereum exchange-traded fund (ETF). (Franklin Templeton via X)

Markets

Bitcoin ETF Frenzy Brings Windfall Volume to Decentralized Predictions Platform Polymarket

Polymarket saw betting contracts worth more than $5.7 million change hands on Wednesday.

Bitcoin ETF frenzy drives volume growth on prediction markets. (Obsahovka/Pixabay)

Finance

Bitcoin ETF Approval Is Likely to Benefit Institutional Investors: Goldman Sachs

ETFs offer better investor protection, increased liquidity and lower tracking error than closed-end funds and trusts, the report said.

BlackRock is one of the big-name providers offering a spot bitcoin ETF. (Jim Henderson, modified by CoinDesk)