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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.
Coinbase's Grewal Is 'Quite Hopeful' That Bitcoin Spot ETFs Will be Approved
Grewal said in a CNBC interview that the SEC approvals of the ETF applications could be coming soon.
SEC Likely to Approve Spot Bitcoin ETF in Next Few Months: JPMorgan
Approval is likely before Jan. 10, which is the final deadline for the Ark 21Shares applications, the report said.
Grayscale ETF Case's Final Word Coming in Federal Court as SEC Loss Formalized
The court that ordered the SEC to scrap its rejection of Grayscale's spot bitcoin ETF application will set that ruling in stone by Monday.
Spot Bitcoin ETF Approval Might Be Near, but Analysts Differ on Possible BTC Price Reaction
One line of thought envisions a major rally, while another suggests approval has been fully baked into prices.
Bitcoin Holds $28K as Stocks Buckle Under Interest Rate Concerns
Also, there's a growing consensus that SEC approval of a spot bitcoin ETF is surely in the cards.
Spot Bitcoin ETF Approvals Could Add $1 Trillion to Crypto Market Cap, CryptoQuant Says
Blockchain analytics firm CryptoQuant’s models predict that $155 billion will flow into the bitcoin market cap should the ETFs be approved.
BlackRock CEO Larry Fink Seeing Client Demand for Crypto 'Around The World'
Rumors about spot bitcoin ETF approvals aside, Fink called the recent rally a “flight to quality.”.
Market Wrap: Bitcoin Hovers Above $28K After ETF Reports Prove False
Meanwhile, the market continues to trend downwards amid higher-than-expected U.S. PPI, and CPI Data.
What’s All the Fuss About Bitcoin ETFs?
Fake news of SEC approval for a spot bitcoin ETF sent markets higher. Why are traders so obsessed with this new product?
The Ripple Effects of a Spot Market Bitcoin ETF
Financial giants including BlackRock and Fidelity are looking to launch a bitcoin investment vehicle for people who do or cannot hold BTC directly.
