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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.


Policy

SEC Comments on Hack of Its X Account and Resulting Fake Bitcoin ETF Approval Announcement

The regulator's latest update on the hack suggests it never lost access to the account.

SEC logo (Nikhilesh De/CoinDesk)

Markets

BTC Tumbles Below $42K, Coinbase and Miners Plunge as Bitcoin ETF Mania Becomes 'Sell the News' Rout

Previous landmark events such as Coinbase's stock exchange listing and ProShares' futures-based bitcoin ETF debut happened near market tops.

Bitcoin price Jan. 12, 2024 (CoinDesk)

Markets

Bitwise, Fidelity See Biggest Bitcoin ETF Inflow, Grayscale Loses Only $95M in Early Tally

BlackRock's IBIT saw the third-biggest inflow, though the data might be incomplete, analysts pointed out.

(Noah Silliman/Unsplash)

Markets

First Mover Americas: Franklin Templeton's Bitcoin ETF Becomes the Cheapest

The latest price moves in crypto markets in context for Jan. 12, 2024.

A user examines prices on a mobile phone while looking at a graph on a laptop

Markets

BlackRock CEO Larry Fink Backs Ether ETF

The asset management giant may now be looking to list an equivalent product for ether, the native token of the Ethereum blockchain, as part of its ongoing journey toward tokenization.

Larry Fink (Will Ess for Pixelmind.ai/CoinDesk)

Markets

Franklin Templeton's Bitcoin ETF Now the Cheapest After 10 Basis Point Reduction

After initially revealing their fees on Monday, several providers then reduced them spying the impending battle for market share that would ensue once the funds were approved

Sale (Justin Lim/Unsplash)

Finance

Bitcoin Miner Outflows Hit Six-Year Highs Ahead of Halving, Sparking Mixed Signals

CryptoQuant data shows that miners are moving bitcoin to exchanges, likely because of a need to build more liquidity in anticipation of higher capital expenditures.

ASIC Miners (Sandali Handagama/CoinDesk)

Finance

CoinShares Exercises Option to Buy Bitcoin ETF Provider Valkyrie to Add U.S. Arm

CoinShares said the decision is a direct result of the SEC's approval for spot bitcoin ETF listings.

Jean-Marie Mognetti, CEO CoinShares (CoinShares)

Markets

Bitcoin ETF Debut Serves as a Lesson for Ether ETF Speculators

Bitcoin's experience cautions traders against betting bullish on volatility on the day of the ETF approval.

Books, pile, education (sweetlouise/Pixabay)