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.


Политика

Democrats Ask SEC's Gensler to Block Approval of More Crypto ETPs

Senators say that retail investors face "enormous risks" from such products because thin order books for some cryptocurrencies

U.S. Securities and Exchange Commission Chair Gary Gensler (Jesse Hamilton/CoinDesk)

Финансы

Ether ETFs Could Be Bigger Than Bitcoin ETFs, Says VanEck

The issuer of the VanEck Bitcoin Trust this week dropped its management fee to zero for a limited time in an attempt to attract more capital to that fund.

Bitcoin ETF net inflows approach $1B (Shutterstock)

Финансы

Crypto for Advisors: The Investment Case of Bitcoin vs. Ether

With the dual tailwind of bitcoin ETF flows and the upcoming halving, is bitcoin the best bet? Not so fast. Ethereum, the next biggest crypto asset by market cap, has a case of its own to make.

(Nerfee Mirandilla /Unsplash)

Рынки

Bitcoin Eyes $74K as BTC ETFs See Record $1B in Net Inflows

Spot bitcoin exchange-traded funds took in 14,706 BTC, or over $1 billion, in net inflows on Tuesday, data tracked by BitMEX Research shows.

Bulls against a background of snow.

Рынки

SEC Orders First Trust-SkyBridge to Declare Its Bitcoin ETF Application Abandoned

First Trust was one of the first to file for a BTC ETF, and was rejected by the SEC in January 2022.

Anthony Scaramucci, Founder, Managing Partner, SkyBridge Capital (Shutterstock/CoinDesk)

Финансы

VanEck Spot Bitcoin ETF Sees Record $119M Inflow After Fee Cut to 0%

VanEck waived the management fee for its spot bitcoin ETF for a year or until it reaches $1.5 billion in assets under management.

Scrabble tiles spelling out "ETF GROWTH"

Финансы

Grayscale Plans Low-Fee GBTC Spinoff: the Bitcoin Mini Trust

Bitcoin ETF manager Grayscale is seeking permission from the SEC to spin out a percentage of GBTC shares to seed the new Bitcoin Mini Trust product, according to a filing on Tuesday.

Grayscale ad (Grayscale)

Финансы

VanEck Temporarily Cuts Bitcoin ETF Fee to Zero After Lagging in Assets

HODL, VanEck’s spot bitcoin exchange-traded fund (ETF), has so far attracted a little over $305 million in assets, which is far below most of its competitors.

Scrabble letters spelling ETF arranged a rack

Мнение

We Have to Make It Easier For People to Own Crypto Directly (Not Just With ETFs)

The success of bitcoin ETFs reminds us to continue improving accessibility and lower entry barriers to bitcoin and Web3, says Binance’s CTO Rohit Wad.

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

Финансы

Indian Crypto Investment Platform Mudrex to Offer U.S. Bitcoin ETFs to Indian Investors

Mudrex is a Y-Combinator-backed, California-headquartered entity with a subsidiary registered with the Intelligence Unit of India.

Scrabble letters spelling ETF arranged a rack