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.

Opinion

A Dozen Reasons Why the SEC Should Have Approved Grayscale's Spot Bitcoin ETF

Gary Gensler has rejected every bitcoin exchange-traded fund application in the name of consumer protection. So why doesn't he listen to what consumers have to say?

By Daniel KuhnMar 7, 2023

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

Opinion

Uma dúzia de razões pelas quais a SEC deveria ter aprovado o ETF Spot Bitcoin da Grayscale

Gary Gensler rejeitou todos os pedidos de fundos negociados em bolsa de Bitcoin em nome da proteção ao consumidor. Então, por que ele T ouve o que os consumidores têm a dizer?

By Daniel KuhnMar 7, 2023

Opinion

Une douzaine de raisons pour lesquelles la SEC aurait dû approuver l'ETF Spot Bitcoin de Grayscale

Gary Gensler a rejeté toutes les demandes de fonds négociés en bourse Bitcoin au nom de la protection des consommateurs. Alors pourquoi n’écoute-t-il T ce que les consommateurs ont à dire ?

By Daniel KuhnMar 7, 2023

Policy

Judges Express Skepticism of SEC Arguments in Grayscale Bitcoin ETF Hearing

The panel of appeals court judges questioned the SEC's logic in drawing a distinction between bitcoin spot market prices and futures market prices.

By Nikhilesh DeMar 7, 2023

U.S. Court of Appeals for District of Columbia Circuit (Jesse Hamilton/CoinDesk)

Policy

Grayscale to Argue SEC’s Inconsistency as Bitcoin ETF Dispute Heads to Court

The company’s appeal of the Securities and Exchange Commission’s rejection of its bitcoin ETF will be argued in U.S. federal court next week in Washington, D.C.

By Jesse HamiltonFeb 28, 2023

Don Verrilli Jr. (Jesse Hamilton/CoinDesk)

Policy

SEC Rejects Ark 21Shares Spot Bitcoin ETF for Second Time

The U.S. markets regular has rejected a score of ETF applications for products that invest directly in bitcoin while approving a number of funds tracking the BTC futures market.

By Jamie CrawleyJan 26, 2023

Policy

Grayscale Slams SEC's 'Unreasonable' Barring of Spot Bitcoin ETFs

The asset manager said the regulator's defense of its decision to block a spot bitcoin ETF is "illogical."

By Sandali HandagamaJan 13, 2023

Finance

Grayscale Will Explore Returning Portion of Investor Capital if SEC Refuses Spot Bitcoin ETF

Grayscale sued the U.S. regulator in June after its latest spot bitcoin ETF application was denied.

By Oliver KnightDec 19, 2022

Policy

SEC Strikes Back in Grayscale Suit Over GBTC ETF Conversion

The brief, filed last Friday, is the first from the U.S. Securities and Exchange Commission (SEC) since the lawsuit was filed in June.

By Cheyenne LigonDec 12, 2022

SEC Chair Gary Gensler says he's trying to protect investors. (Evelyn Hockstein-Pool/Getty Images)

Finance

Cosmos Asset Management Intends to Delist Crypto ETFs in Australia

Cosmos' bitcoin ETF was Australia's first such fund when it listed on Cboe in April.

By Jamie CrawleyNov 2, 2022

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