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

First Mover Americas: Bitcoin Regains $57K Following $300M of ETF Inflows

The latest price moves in crypto markets in context for July 9, 2024.

BTC price, FMA July 9 2024 (CoinDesk)

Markets

Bitcoin ETF Traders Buy the Dip With Nearly $300M Inflows

Net inflows on Monday were the highest since early June, data shows, with Blackrock’s BTC ETF taking on almost $190 million.

El Salvador bought the dip. (Unsplash, modified by CoinDesk)

Markets

Australian Securities Exchange Gives Green Light to DigitalX's Bitcoin ETF

DigitalX Bitcoin ETF will trade on the ASX as BTXX

Sydney Opera House in Australia (Stanbalik/Pixabay)

Markets

Bitcoin ETF Investors Bought the Dip on Friday, With Inflows Topping $140M

The price of the world's largest crypto has seen a very modest bounce since tumbling below $54,000 early Friday.

(Getty Images)

Markets

Bitcoin Losing $60K Handle May Trigger Wave of ETF Liquidations: Analyst

The world's largest crypto has now declined 14% over the past four weeks.

outflows (Unsplash)

Finance

VanEck's Spot Bitcoin ETF Goes Live on Australia's Biggest Stock Exchange

The VanEck Bitcoin ETF rose 1% on its debut after trading 99,791 shares.

Sydney Opera House in Australia (Stanbalik/Pixabay)

Markets

Bitcoin, Crypto-Related Stocks Are Ripe for Institutional Adoption: Bernstein

Spot bitcoin ETFs are expected to be approved by major wirehouses and large private bank platforms in the third and fourth quarters, the report said.

Bernstein forecasts new crypto cycle ( Hans Eiskonen/Unsplash)

Policy

Australian Securities Exchange Gives Its First Approval of a Spot Bitcoin Listing to VanEck

The fund will provide investors exposure to bitcoin by investing in the VanEck Bitcoin Trust ('HODL') which is a United States ETF listed on the Cboe BZX Exchange, Inc (Cboe).

Sydney, Australia. (Photo by Johnny Bhalla on Unsplash)

Markets

Bitcoin Investment Products Saw Over $600M in Outflows Last Week: CoinShares

Across the broader digital asset ecosystem, investment products saw net $600 outflows of $600 million, entirely driven by BTC's losses

16:9 Exit (Kev/Pixabay)

Markets

Bitcoin ETFs See $226M Outflows Led by Fidelity’s FBTC

BlackRock’s IBIT was the only ETF posting a net inflow on Thursday, while most of the funds recorded outflows.

Heavily shorted crypto stocks like MicroStrategy could be poised to shoot up. (Mediamodifier/Pixabay)