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

NYSE, Cboe Win SEC Approval for Bitcoin ETF Options

The decision follows Nasdaq recently also getting permission for options on spot bitcoin ETFs in the U.S.

New York Stock Exchange, NYSE (Shutterstock)

Policy

FBI Arrests Alleged SEC Hacker Linked to Fake Tweet Saying Bitcoin ETFs Were Approved

Eric Council Jr. allegedly hijacked the SEC's X account and then handed control to unnamed co-conspirators, whose fake post drove up bitcoin's price.

SEC office (Nikhilesh De/CoinDesk)

Markets

Bitcoin Demand Surges in Bullish Catalyst That May Drive BTC Price to $70K

Technical indicators point to a price surge, and Polymarket bettors have their money on BTC passing $70K this month.

Bull Market (Kameleon007/Getty Images)

Markets

Open Interest on CME Bitcoin Futures Hits All-Time High, Signals Further Bullishness

CME bitcoin futures open interest reaches all-time high, driven by active and direct participants - K33 Research.

Crypto stocks are starting the week in a bullish frame of mind. (Delphine Ducaruge /Unsplash)

Markets

Bitcoin ETF Daily Inflow Hits $556M as BTC Appears Primed for Breakout

Weekly inflows might challenge records as technical pointers suggest a BTC rally in the works.

Scrabble letters spelling ETF arranged a rack

Markets

Nearly 50% of U.S. Investors Plan to Invest in Crypto ETFs: Charles Schwab Survey

Crypto was the leading asset class among millennial ETF investors, topping even stocks and bonds, the survey showed.

Millenials favor crypto ETFs (Unsplash)

Markets

Ether ETFs See Zero Flows for Second Time as Bitcoin ETFs Post Biggest Inflows in 6 Days

Bitcoin ETFs enjoyed their highest net inflows since Sept. 27, with FBTC and IBIT leading the way.

Ether spot ETFs to see same sources of demand as bitcoin versions but on lower scale: Bernstein. (Rob Mitchell/CoinDesk)

Finance

Spot Crypto ETFs Prompted Bitwise to Rethink Its Fund Lineup

The asset manager said the launch of the spot crypto exchange-traded funds this year has made futures-based crypto products less compelling.

Bitwise CIO Matt Hougan (Suzanne Cordiero/CoinDesk/Shutterstock)

Markets

Bitcoin ETFs Register Net Outflows for Third Straight Day

Both bitcoin and ether spot ETFs bleed money as geopolitical tensions weigh over risk assets.

Bitcoin: US Spot ETF Deposit Cost Basis (Glassnode)

Markets

Bitcoin Flat Near $61K as Whales Continue to Accumulate; XRP Down 10% as SEC Appeals Case

PLUS: AI tokens not moving despite a $6.6 billion fundraise from OpenAI.

(Sebastian Huxley/Unsplash)