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

Bitcoin Is Up 100% This Year. It's Not Just Because of Spot BTC ETF Hype

While most observers tie bitcoin's recent strength to the anticipation of a spot ETF approval, some analysts offer alternative explanations to the crypto's rise.

BTC price in 2023 (CoinDesk)

Markets

Bitcoin Is Not Gold – Why Spot ETF May Not Be 'Sell the News' Event: EY's Brody

The consulting firm's global blockchain leader discussed his bullish outlook in a CNBC appearance.

EY's Paul Brody (CoinDesk)

Markets

Bitcoin Drops 3% After BlackRock BTC ETF Pulled From DTCC's Website

Monday's addition of IBTC to clearinghouse DTCC's site was a factor in bitcoin's explosive move higher.

Bitcoin chart (CoinDesk)

Finance

Coinbase, Bitcoin Miners Extend Gains as BTC Surges on BlackRock ETF Hopes

Shares of Coinbase (COIN), MicroStrategy (MSTR) and Marathon Digital (MARA) climbed more than 13% as bitcoin (BTC) topped $34,000.

Bitcoin's price will go up if the SEC approves spot bitcoin ETFs, Matrixport said. (Unsplash)

Markets

Cathie Wood's ARK Invest Sells 2% of Grayscale Bitcoin Trust Holdings as BTC Rallies

The fund also sold about $3.3 million worth of Coinbase shares (COIN) and bought $2.4 million shares of Robinhood (HOOD).

Ark Invest CEO Cathie Wood (Marco Bello/Getty Images, modified by CoinDesk)

Markets

Institutions Race for Bitcoin, Sending CME Open Interest to Record High

Open interest for the CME's bitcoin product hit 100,000 BTC ($3.4 billion) for the first time ever.

CME dominance (K33 Research)

Markets

Bitcoin in ‘Anti-Gravity’ Phase as ETF Approval Nears Finish Line

As bitcoin pushes 12% during Asia trading, there are parallels to the first Gold ETF and beyond, industry stakeholders and analysts said.

(David Gregg/Getty Images)

Policy

Grayscale Court Victory Over SEC in Spot Bitcoin ETF Case Made Final

Grayscale's application to convert its GBTC to a spot ETF will now be re-considered by the SEC.

Grayscale's Michael Sonnenshein speaks at Invest: NYC 2019 (CoinDesk)

Policy

All Spot-Bitcoin ETF Applications May be Approved Together, Crypto ETF Expert Predicts

Barton's application expertise comes from a recent history of pulling off two regulatory firsts of sorts.

Analysts differ on bitcoin's ultimate reaction to a spot ETF (Unsplash, modified by CoinDesk)