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.


Videos

Timothy Massad: Bitcoin ETFs Could Lead to Greater Regulation

Responding to Sen. Elizabeth Warren’s call for SEC to clarify its role on crypto regulations, former CFTC Chairman Timothy Massad suggests that the SEC, despite not having direct authority to regulate crypto exchanges, could approve bitcoin ETFs as a way to “bring some regulatory standards.”

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Markets

SEC Further Delays WisdomTree Bitcoin ETF Decision

The SEC instituted proceedings on whether to approve the WisdomTree bitcoin ETF application, effectively delaying any firm decision by a few months.

SEC Chairman Gary Gensler

Finance

BNY Mellon to Provide Grayscale With ETF Services After 'Anticipated' GBTC Conversion

The world’s largest custodian bank will begin handling accounting and administration services for the Grayscale Bitcoin Trust in October.

Bank of New York Mellon

Markets

SEC Delays Decision on SkyBridge Capital's Proposed Bitcoin ETF to August

The agency has extended its initial 45-day review period.

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Markets

Bitcoin ETF Would Be Good for Investors and Regulators, Says Former CFTC Chairman

The SEC could use the ETF approval process to improve trading integrity on crypto exchanges, said Timothy Massad.

Timothy Massad, a former chairman of the CFTC

Finance

CoinShares to Buy Elwood's ETF Index Business for $17M

The purchase also gives CoinShares access to Elwood’s equity-research team.

CoinShares CEO Jean-Marie Mognetti

Finance

Crypto Trading Firm Valkyrie Raises $10M to Drive Bitcoin ETF Hopes

Tron founder Justin Sun, Litecoin founder Charlie Lee and former Major League pitcher C.J. Wilson participated in the round.

Valkyrie has filed for a bitcoin futures ETF.

Videos

Will ARK Invest Win the Bitcoin ETF Race?

Cathie Wood’s ARK Invest is the latest company seeking approval with the U.S. Securities and Exchange Commission (SEC) to register a bitcoin exchange-traded fund (ETF). “The Hash” panel discusses the U.S. bitcoin ETF race and how an ETF would impact the crypto markets.

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Videos

ETF Race Heats Up, Global Exchanges Under Regulatory Pressure

Cathie Wood’s ARK Invest is working with crypto ETP issuer 21Shares to enter the bitcoin ETF race under the symbol “ARKB.” Will Wood get a bitcoin ETF over the finish line with U.S. regulators? CoinDesk’s Nikhilesh De examines the regulatory hurdles.

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Finance

Cathie Wood's ARK Invest, 21Shares Team Up to Enter Bitcoin ETF Race

The "ARK 21Shares Bitcoin ETF" hopes to be the first to win approval from U.S. regulators.

Cathie Wood, CEO of Ark Investment Management