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.


Juridique

State of Crypto: How SEC Chair Gary Gensler Could Differ From Predecessor Jay Clayton

Gary Gensler will testify before the U.S. Senate Banking Committee today for a confirmation hearing on his nomination to lead the SEC.

Former CFTC Chair Gary Gensler will appear for his confirmation hearing before the Senate Banking Committee today.

Marchés

CBOE Kicks Off Bitcoin ETF Clock With VanEck Filing

The SEC now has 45 days to either approve or disapprove the application, or extend the review period.

Gabor Gurbacs, director of digital-asset strategy at VanEck

Marchés

Crypto Long & Short: Interest in DeFi Is Surging. You Can Thank GameStop.

This week’s congressional hearings, as well as the appearance of new institutional onramps, point to growing investor interest in a new type of capital market.

House Republicans Said to Drop Two Demands On Debt Limit

Marchés

CI Global Files to Issue North America’s Third Bitcoin ETF

A subsidiary of a firm overseeing more than $230 billion in assets will work with Galaxy Digital on what could be the third bitcoin ETF in Canada.

british-library-qYMlpeQypGU-unsplash

Marchés

Canada’s First Bitcoin ETF Hits $421.8M AUM in Two Days

One analyst said the ETF could reach $1 billion in assets under management by the end of next week.

Ontario

Marchés

Second Canadian Bitcoin ETF Begins Trading on TSX Today

This is the second bitcoin ETF approved to trade in Canada.

Ontario

Marchés

North America's First Bitcoin ETF Hits $165M Trade Volume in First Day: Report

The Canadian fund has experienced a flurry of demand but in the U.S. a bitcoin ETF is an unrealized desire.

Floodgates, dam

Finance

Evolve Becomes Second Canadian Issuer to Win Approval for Bitcoin ETF

It may encourage U.S. regulators to approve their first bitcoin exchange-traded fund.

Toronto skyline

Marchés

Blockchain Bites: Bitcoin Volatility Hasn't Shaken Out Institutions

Bitcoin set a new high above $50,000 after erratic trading earlier this week, though options markets are not anticipating a drawdown anytime soon.

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