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.


Mercados

Bitcoin ETF Approval Marks Conclusion of a Decade-Long Journey

Much has changed since the Winklevoss filed unsuccessfully for the first Bitcoin ETF in July 2013.

Gemini founders Cameron and Tyler Winklevoss (Steven Ferdman/Getty Images)

Mercados

Bitcoin ETFs Secure Approval Exactly 15 Years After Hal Finney’s Iconic ‘Running Bitcoin’ Tweet

Finney, who died in August 2014, was also the first person besides Bitcoin’s pseudonymous creator, Satoshi Nakamoto, to download and run Bitcoin’s software.

(Hal Finney)

Regulación

Bitcoin ETFs: What to Expect on Day One

A decade after they were first proposed, spot bitcoin ETFs are finally launching in the U.S. Here's what's next.

NYSE building in New York (Michael M. Santiago/Getty Images)

Regulación

Gary Gensler's Begrudging Bitcoin ETF Concession: 'We Did Not Approve or Endorse Bitcoin'

The SEC chair said a court forced his hand and that the agency's decision to greenlight a spot bitcoin ETF doesn't signal support of that or any other digital asset.

U.S. Securities and Exchange Commission Chair Gary Gensler says the agency's court loss led to bitcoin ETF approvals. (Jesse Hamilton/CoinDesk)

Opinión

Bitcoin ETFs Approved: The Industry Reacts

In a milestone for crypto adoption, the SEC today gave the green light to the trading of Bitcoin exchange-traded funds (ETFs). CoinDesk rounded up reaction from across the crypto industry to the news.

SEC Chair Gary Gensler (Alex Wong/Getty Images)

Opinión

ETF Euphoria Shows Bitcoin Needs Wall Street After All

Is an ETF at odds with Bitcoin’s goal of breaking away from Wall Street? Absolutely. Is that same ETF also necessary for crypto to grow? Also yes.

Wall Street sign with American flags and New York Stock Exchange in Manhattan, New York City, USA. (Getty Images)

Finanzas

Bitcoin ETF Listings Will Be Quick but Money Flows Could Take Months: 21Shares Co-Founder

Ophelia Snyder says it is impossible to conceptualize the changes in bitcoin trading volumes likely through ETF inflows.

Ophelia Snyder (right) with 21Shares co-founder Hany Rashwan

Mercados

Why Are Bitcoin ETFs Such a Big Deal? Gold Provides a $100 Billion Answer

Gold ETFs revolutionized the gold market and spurred a giant rally. Can bitcoin ETFs do the same?

Bitcoin ETFs have generated tremendous excitement leading up to SEC approval. (Jordan Ling/Unsplash)