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 ETF Would Be Good for Investors and Regulators, Says Former CFTC Chairman

The SEC could use the ETF approval process to improve trading integrity on crypto exchanges, said Timothy Massad.

Timothy Massad, a former chairman of the CFTC

Finance

CoinShares to Buy Elwood's ETF Index Business for $17M

The purchase also gives CoinShares access to Elwood’s equity-research team.

CoinShares CEO Jean-Marie Mognetti

Finance

Crypto Trading Firm Valkyrie Raises $10M to Drive Bitcoin ETF Hopes

Tron founder Justin Sun, Litecoin founder Charlie Lee and former Major League pitcher C.J. Wilson participated in the round.

Valkyrie has filed for a bitcoin futures ETF.

Videos

Will ARK Invest Win the Bitcoin ETF Race?

Cathie Wood’s ARK Invest is the latest company seeking approval with the U.S. Securities and Exchange Commission (SEC) to register a bitcoin exchange-traded fund (ETF). “The Hash” panel discusses the U.S. bitcoin ETF race and how an ETF would impact the crypto markets.

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Videos

ETF Race Heats Up, Global Exchanges Under Regulatory Pressure

Cathie Wood’s ARK Invest is working with crypto ETP issuer 21Shares to enter the bitcoin ETF race under the symbol “ARKB.” Will Wood get a bitcoin ETF over the finish line with U.S. regulators? CoinDesk’s Nikhilesh De examines the regulatory hurdles.

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Finance

Cathie Wood's ARK Invest, 21Shares Team Up to Enter Bitcoin ETF Race

The "ARK 21Shares Bitcoin ETF" hopes to be the first to win approval from U.S. regulators.

Cathie Wood, CEO of Ark Investment Management

Markets

Brazil Stock Exchange Lists First Bitcoin ETF in Latin America

QR Capital's bitcoin ETF started trading on the Sao Paulo-based B3 exchange under the ticker QBTC11.

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Markets

3iQ’s Bitcoin ETF Rises on First Day of Trading on Nasdaq Dubai

The ETF, trading under the ticker symbol “QBTC,” is the first cryptocurrency fund to go public in the Middle East.

Dubai's skyline.

Markets

SEC Delays Decision on Valkyrie Bitcoin ETF

The SEC designated Aug. 10 as the revised date when it will approve or disapprove Valkyrie's application.

SEC headquarters

Videos

Republican House Campaign Arm to Accept Donations in Crypto

The National Republican Congressional Committee will reportedly accept donations via BitPay in cryptocurrencies. Also, the U.S. Securities and Exchange Commission (SEC) is extending Vaneck's Bitcoin exchange-traded fund (ETF) application decision. CoinDesk's Nikhilesh De shares insights into the latest regulatory news.

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