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Consensus 2025
16:22:28:40

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.


Markets

BlackRock, Nasdaq, SEC Met Regarding Bitcoin ETF

This is the second meeting in a month between the parties about rule changes required to list the bitcoin ETF.

BlackRock's corporate office in New York, New York. (Jim.henderson/Wikimedia Commons)

Markets

Bitcoin Spot ETF Biggest Development on Wall Street in Last 30 Years, Says Michael Saylor

A large increase in demand coupled with lower supply should set the stage for higher prices in 2024, he predicted.

Michael Saylor, executive director, MicroStrategy (Marco Bello/Getty Images)

Markets

BlackRock Revises Spot Bitcoin ETF Proposal Ahead of Hoped-for SEC Approval

BlackRock's ETF proposal now includes cash redemptions, a concession to the SEC that may improve the fund's approval odds.

Larry Fink on Fox News (Fox Business)

Finance

Bitcoin ETF Ad War Officially Underway With Bitwise Campaign

The short video advertisement featured the actor best known for portraying the "Most Interesting Man in the World."

Actor Jonathan Goldsmith (C Flanigan/Getty Images)

Finance

BlackRock's Bitcoin ETF Now Invites Participation From Wall Street Banks

A change to the structure of proposed spot bitcoin ETFs would enable authorized participants (APs) to create new shares in the fund with cash, rather than only with cryptocurrency, essentially opening the door to banks who cannot hold crypto directly.

BlackRock HQ

Finance

Why Are Pros Craving a Spot Bitcoin ETF?

The fundamentals of investing give an answer, and the impact from BTC ETFs from the likes of BlackRock and Fidelity could be huge.

(Marc Kargel/Unsplash)

Finance

This Bitcoin Rally Feels Different. FOMO and YOLO Seem to Be Back

BTC just touched $45,000 days after topping $40,000 for the first time since early last year – and crypto-skeptics are taking another look.

Is bitcoin going to the moon again? (NASA)

Consensus Magazine

Jenny Johnson Has 76-Year-Old Franklin Templeton Learning Blockchain Tricks

The $1.33 trillion asset manager was viewed as old-fashioned, but its CEO is at the forefront of Wall Street's embrace of bitcoin ETFs and crypto technology.

Franklin Templeton CEO Jenny Johnson (Mason Webb/CoinDesk)

Markets

Institutional Traders Split Between Bitcoin, Ether: Bybit Research

Numbers from the exchange show institutional traders largely ignored alternative cryptocurrencies in favor of perceived "safe" assets.

Institutional traders are more bullish on bitcoin than alternative cryptocurrencies. (Hans Eiskonen/Unsplash)