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.


Videos

World’s Largest Bitcoin Futures ETF Breaks 2021 Record Highs for Aum

ProShares' Bitcoin Strategy ETF hit a high of nearly $1.5 billion in assets under management this week, surging past a record set in 2021. ProShares Global Investment Strategist Simeon Hyman weighs in on the renewed institutional interest and what this means for the broader crypto markets. 

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Videos

Why Financial Advisors Are So Excited About a Spot Bitcoin ETF

On this episode of Unchained, Ric Edelman, founder of the Digital Assets Council of Financial Professionals and author of “The Truth About Crypto,” explains how this should all lead to high demand once the first spot Bitcoin ETFs become available, although it will take some time for them to allocate.

Unchained

Markets

Spot Bitcoin ETFs Have Almost $100M in AUM in Brazil, Led by Hashdex Offering

Pro-market digital assets regulation and growing interest from large institutions are among the factors behind the success so far, said Hashdex's CEO.

Brazil (Agustin Diaz Gargiulo / Unsplash)

Finance

Bitcoin's Hashrate War Between Antpool and Foundry Intensifies as BTC ETF Nears

The Bitcoin hashrate has been climbing steadily all year, and Antpool has edged ahead of Foundry while stockpiling bitcoin.

Bitmain Antminer mining rigs (Christie Harkin/CoinDesk)

Markets

Grayscale Bitcoin Trust Could See $2.7B of Outflows if ETF Conversion Is Approved: JPMorgan

The bitcoin price could come under pressure as some of the money is likely to completely exit the ecosystem, the report said.

Grayscale CEO Michael Sonnenshein (CoinDesk)

Markets

Bitcoin Shakes Off Binance News, Rises Above $37K as Spot ETF Approval Eyed

Analysts suggest the Binance deal may have cleared the decks for the long-awaited U.S. spot bitcoin ETF.

(Spencer Platt/Getty Images)

Finance

'Buy the Rumor, Buy the News,' on Spot BTC ETF, Says One Expert, While Another Warns on Coinbase

Pantera Capital’s Dan Morehead believes a spot bitcoin ETF will ‘fundamentally change access’ to bitcoin, while analysts at JPMorgan say it could be a threat to Coinbase in the medium term.

BitcoinETF: What Comes Next?

Markets

Bitcoin Fundamentals Have Never Looked Better: Bernstein

The world’s largest cryptocurrency is expected to benefit from a number of positive catalysts in 2024, the report said.

stepwise increasing stacks of coins pictured against a chart of rising price candles

Finance

SEC Delays Decisions on Franklin Templeton and Global X Spot Bitcoin ETFs

The moves were expected and aren't having any immediate effect on the bitcoin price.

SEC Chair Gary Gensler in Washington on Oct. 25, 2023 (Jesse Hamilton/CoinDesk)

Finance

More Bitcoin ETF Rejections 'Quite Likely,' BitGo's Belshe Says

Belshe says the SEC could reject ETF applications until exchanges and custody separate out.

CEO of BitGo Mike Belshe in a chair on-stage at Consensus 2023