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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.


Finance

Grayscale's Bitcoin ETF Sees First Inflow After Billions Lost Since January

GBTC, the biggest spot bitcoin ETF, has seen its assets under management lead over BlackRock's IBIT shrink.

Grayscale ad (Grayscale)

Markets

Kraken's Indices Provider Anticipates $1B AUM in Hong Kong ETFs by 2024 End: Bloomberg

CEO Sui Chung sees South Korea and Israel as the next markets to list crypto ETFs.

Hong Kong (Ruslan Bardash / Unsplash)

Finance

BlackRock Sees Sovereign Wealth Funds, Pensions Coming to Bitcoin ETFs

The asset manager has been helping educate pension funds, endowments and sovereign wealth funds about the new spot bitcoin ETF products, BlackRock’s head of digital assets said.

(Jim Henderson, modified by CoinDesk)

Markets

Bitcoin Tumbles Below $60K, Risking Deeper Pullback as Crypto Markets Endure Worst Month Since FTX Crash

Recent U.S. economic data could prompt more hawkish forward guidance from the Federal Reserve.

Bitcoin price in April (CoinDesk)

Markets

Hong Kong Bitcoin and Ether ETFs Have Soft Debut

The volume of crypto exchange-traded funds came in at just over $11 million.

Hong Kong harbor skyline view into Kowloon

Markets

Bitcoin Wavers Around $63K, Awaiting Hong Kong Spot Crypto ETF Debut

Despite muted anticipation for the new products, an executive of one of the issuers reportedly expects that the first-day issuance of the Hong Kong offerings will exceed the U.S. debut in January.

Bitcoin price on April 29 (CoinDesk)

Markets

Press Briefing With ChinaAMC Executive Ahead of Tuesday Launch of Hong Kong Spot Bitcoin and Ether ETFs

Zhu Haokang is head of digital asset management and family wealth at one of the ETF providers, ChinaAMC, and expects initial subscriptions into the products will surpass those seen by the U.S. funds.

Hong Kong (Ruslan Bardash / Unsplash)

Finance

Bitcoin ETF Slowdown Is a Short-Term Pause Not the Beginning of a Negative Trend: Bernstein

Investment platforms will take some time to establish the necessary compliance framework to sell bitcoin ETF products, the report said.

Time on clock stop by nail delay concept. (Dimj/Shutterstock)

Policy

Australian Securities Exchange Could Approve Spot-Bitcoin ETFs Before 2024-End: Bloomberg

Bloomberg's report cited "people familiar with the matter, who asked not to be identified as the information is private."

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

Markets

Bitcoin Stable Above $64K While ETF Outflows Hit $200M

The relationship between bitcoin's price and ETF outflows is weakening

(CoinDesk Indices)