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.


Политика

State of Crypto: Will 2021 Finally Be the Year of the Bitcoin ETF?

The market has matured since 2018, when bitcoin ETF applications last hit a peak. It's unclear whether that's enough to see one approved.

SEC building

Рынки

NYDIG Files for Bitcoin ETF, Adding to Firms Hoping 2021 Is When SEC Finally Says 'Yes'

The filing comes on the same day as bitcoin hit $50,000 for the first time ever.

Securities and Exchange Commission building in Washington, D.C.

Рынки

Canadian Firm Files for Bitcoin ETF on Toronto Stock Exchange

The Accelerate Bitcoin ETF would list on the Toronto Stock Exchange under the ticker “ABTC.”

Toronto Stock Exchange

Рынки

Cathie Wood: Bitcoin ETF Approval Unlikely Until Market Cap Rises to About $2T

"The flood of demand has to be satisfied" for the SEC to feel comfortable with a bitcoin ETF, said Wood.

cathie-wood-ark-invest-video-2020

Рынки

VanEck Proposes ETF for Bitcoin, Once Again

So far, the SEC has considered many applications for bitcoin-based ETFs and rejected them all.

Securities and Exchange Commission building in Washington, D.C.

Рынки

SEC Commissioner Hester Peirce on a Bitcoin ETF, Custody Rules and What's Next for the SEC

The SEC commissioner explains why the SEC’s approach has been “too slow and too ambiguous” and why she’s optimistic for 2021.

Breakdown 12.10 - Hester Peirce SEC ETF

Рынки

A De Facto Bitcoin ETF? MicroStrategy Is Raising $400M to Buy More BTC

Michael Saylor announced plans to offer convertible bonds with the express intent to buy BTC. The community reacts.

Breakdown 12.8 - MicroStrategy ETF $400M

Политика

SEC's Clayton Says Payment Inefficiencies Are Boosting Bitcoin's Rise

Clayton sounded more bullish on bitcoin than he's been in years in his Thursday interview with CNBC.

SEC Chairman Jay Clayton

Политика

Solidus Labs Believes Its Crypto Surveillance Tool Can Help Launch a Bitcoin ETF

Solidus Labs believes its new surveillance tool can help regulators maintain confidence in crypto markets, potentially leading to the approval of a bitcoin ETF.

Solidus Labs CTO Praveen Kumar (left), COO Chen Arad (top) and CEO Asaf Meir (right).

Политика

SEC Is Willing to 'Try' a Tokenized ETF, Chairman Says: Report

SEC Chairman Jay Clayton expressed an openness to a tokenized exchange-traded fund.

U.S. Securities and Exchange Commission Chairman Jay Clayton