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.


Policy

Hong Kong Regulators Impose Limits on Investing in Spot Crypto ETFs

Regulators want only professional investors to be exposed to those kinds of products.

Hong Kong skyline (Gary Yeowell/Getty Images)

Finance

SEC Rejects Fidelity’s Wise Origin Bitcoin ETF Proposal

The rejection of a spot bitcoin ETF follows precedent and underlines the SEC's preference for ETFs that track the bitcoin futures market.

SEC (Image via Mark Van Scyoc / Shutterstock)

Policy

SEC Rejects First Trust SkyBridge's Spot Bitcoin ETF Proposal

The rejection filed Thursday comes as no surprise given the precedent set by the SEC for a preference for ETFs that track the bitcoin futures market.

SEC (Image via Mark Van Scyoc / Shutterstock)

Finance

WisdomTree Adds Bitcoin Futures Exposure to Fund, Refiles for Spot ETF

The BTC futures addition was made to WisdomTree’s commodities-focused Managed Futures Strategy ETF.

WisdomTree's new ETF filing proposes investing in bitcoin futures, among other commodities. (dp Photography/Shutterstock)

Policy

SEC Delays Decision on NYDIG’s Spot Bitcoin ETF Proposal

The commission now has until March 16 to approve or disapprove NYDIG’s proposal.

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Videos

2021: A Remarkable Year in Bitcoin and Crypto Markets

Bitcoin hitting new all-time highs on the approval of the first bitcoin futures ETF in the U.S., institutional investors diversifying their investments into ether, alternative layer 1’s reaching new market caps, and, of course, dog-themed tokens making millionaires. 2021 was a busy year for the entire crypto market.

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Markets

Market Wrap Year-End Review: Bitcoin ETF Rally Proved Short-Lived, and $100K Dreams Faded

In October, the long-awaited U.S. bitcoin ETF approval sent BTC’s price toward an all-time high of almost $69,000. But extreme leverage preceded a sell-off back down to $47,100 by the end of the year.

(Jared Schwitzke/Unsplash)

Policy

SEC Commissioner Hester Peirce Says Washington Doesn’t Need a New Crypto Regulator

Known affectionately as “Crypto Mom” for her support of the industry, Peirce also warned on CoinDesk TV that the SEC might soon turn its eye towards NFTs.

Hester Peirce, commissioner of the U.S. Securities and Exchange Commission (SEC), center, listens during a House Financial Services Committee hearing in Washington, D.C., U.S., on Tuesday, Sept. 24, 2019. The head of the SEC said this month his agency and other regulators are keeping taps on emerging risks in the fast-growing corporate debt market, highlighting assets that could he susceptible to liquidity shocks. Photographer: Andrew Harrer/Bloomberg via Getty Images

Videos

SEC Commissioner Hester Peirce on 2022 Crypto Regulation Outlook

Securities and Exchange Commission (SEC) Commissioner aka “Crypto Mom” Hester Peirce discusses her outlook for the U.S. crypto regulatory and policy landscape in 2022. Plus, the latest on the Safe Harbor proposal, prospects of a bitcoin spot ETF approval in 2022, the memecoin phenomenon, stablecoins, and more.

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Markets

Are Spot Crypto ETFs Really Worth the Wait?

Many advisors and investors seem to be waiting for spot crypto ETFs before diving into digital assets. But they have all the tools they need to begin investing in digital assets on behalf of clients right now.

(Tommao Wang/Unsplash)