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

JPMorgan CEO's Bitcoin Bashing Is a 'Do as I Say, Not as I Do' Situation

Jamie Dimon's bank agreed to play a key role with BlackRock's proposed bitcoin ETF, just weeks after he told U.S. senators: "I've always been deeply opposed to crypto, bitcoin, etc."

JPMorgan Chase CEO Jamie Dimon sees eye-to-eye with longtime Wall Street critic Sen. Elizabeth Warren on distrusting crypto.  (Chip Somodevilla/Getty Images)

Markets

Crypto Had Reputational Issues This Year. 2024 Will Change That

Possible approval of bitcoin ETFs in 2024 is likely to change perceptions of digital assets following a year when the industry faced a backlash, Beth and Clay Haddock argue.

(Davide Buttani/Unsplash)

Policy

Hashdex Names BitGo as Bitcoin ETF Custodian as Applicants Continue SEC Meetings

A bitcoin ETF may be approved or rejected in the first few days of the new year.

Photo of the SEC logo on a building wall

Policy

Spot Crypto ETF Applications Will Be Considered, Hong Kong Regulators Say

The statement from the SFC and HKMA comes as expectations mount the U.S. SEC is on the verge of approving a spot bitcoin ETF.

Hong Kong harbor skyline view into Kowloon

Markets

Solana, Avax, Helium Led Digital Assets Gains This Year. What's Next?

What to watch for in 2024, according to market analysts.

rocket lifting off

Markets

Bitcoin Could Retract to $36K Before Uptrend Resumes, QCP Capital Says

In a recent note, the Singapore-based digital assets trading firm said expects topside resistance for bitcoin in the $45k-$48.5K region.

Bull and Bear (nosheep/Pixabay)

Markets

BlackRock, Nasdaq, SEC Met Regarding Bitcoin ETF

This is the second meeting in a month between the parties about rule changes required to list the bitcoin ETF.

BlackRock's corporate office in New York, New York. (Jim.henderson/Wikimedia Commons)

Markets

Bitcoin Spot ETF Biggest Development on Wall Street in Last 30 Years, Says Michael Saylor

A large increase in demand coupled with lower supply should set the stage for higher prices in 2024, he predicted.

Michael Saylor, executive director, MicroStrategy (Marco Bello/Getty Images)

Markets

BlackRock Revises Spot Bitcoin ETF Proposal Ahead of Hoped-for SEC Approval

BlackRock's ETF proposal now includes cash redemptions, a concession to the SEC that may improve the fund's approval odds.

Larry Fink on Fox News (Fox Business)