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

Coinbase, Bitcoin Miners Extend Gains as BTC Surges on BlackRock ETF Hopes

Shares of Coinbase (COIN), MicroStrategy (MSTR) and Marathon Digital (MARA) climbed more than 13% as bitcoin (BTC) topped $34,000.

By Aoyon AshrafOct 24, 2023

Bitcoin's price will go up if the SEC approves spot bitcoin ETFs, Matrixport said. (Unsplash)

Markets

Cathie Wood's ARK Invest Sells 2% of Grayscale Bitcoin Trust Holdings as BTC Rallies

The fund also sold about $3.3 million worth of Coinbase shares (COIN) and bought $2.4 million shares of Robinhood (HOOD).

By Jamie CrawleyOct 24, 2023

Ark Invest CEO Cathie Wood (Marco Bello/Getty Images, modified by CoinDesk)

Markets

Institutions Race for Bitcoin, Sending CME Open Interest to Record High

Open interest for the CME's bitcoin product hit 100,000 BTC ($3.4 billion) for the first time ever.

By Oliver KnightOct 24, 2023

Markets

Bitcoin in ‘Anti-Gravity’ Phase as ETF Approval Nears Finish Line

As bitcoin pushes 12% during Asia trading, there are parallels to the first Gold ETF and beyond, industry stakeholders and analysts said.

By Sam ReynoldsOct 24, 2023

Policy

La victoire du tribunal en Grayscale contre la SEC dans l'affaire Spot Bitcoin ETF est rendue définitive

La demande de Grayscale visant à convertir son GBTC en un ETF spot sera désormais réexaminée par la SEC.

By Stephen AlpherOct 23, 2023

Grayscale's Michael Sonnenshein speaks at Invest: NYC 2019 (CoinDesk)

Policy

La victoria del tribunal en Grayscale sobre la SEC en el caso de ETF al contado de Bitcoin llegó a su fin

La solicitud de Grayscale para convertir su GBTC en un ETF al contado ahora será reconsiderada por la SEC.

By Stephen AlpherOct 23, 2023

Policy

Grayscale Court Victory Over SEC in Spot Bitcoin ETF Case Made Final

Ang aplikasyon ng Grayscale na i-convert ang GBTC nito sa isang spot ETF ay muling isasaalang-alang ng SEC.

By Stephen AlpherOct 23, 2023

Policy

Grayscale Court Victory Over SEC in Spot Bitcoin ETF Case Made Final

Grayscale's application to convert its GBTC to a spot ETF will now be re-considered by the SEC.

By Stephen AlpherOct 23, 2023

Policy

Vitória do tribunal em Grayscale sobre a SEC em caso de ETF Spot Bitcoin finalizado

O pedido da Grayscale para converter seu GBTC em um ETF spot será agora reconsiderado pela SEC.

By Stephen AlpherOct 23, 2023

Policy

Vittoria in Grayscale della Corte sulla SEC nel caso dell'ETF Spot Bitcoin reso definitivo

La richiesta di Grayscale di convertire il suo GBTC in un ETF spot sarà ora riesaminata dalla SEC.

By Stephen AlpherOct 23, 2023

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