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.


Markets

WisdomTree Proposes ETF With 5% Bitcoin Exposure Despite SEC's Long-Standing Blockade

WisdomTree is seeking to launch an exchange-traded fund that invests in part in the growing bitcoin futures market.

WisdomTree's new ETF filing proposes investing in bitcoin futures, among other commodities. (dp Photography/Shutterstock)

Markets

Bitwise Looks to Retail Market for Its Crypto Index Fund

Bitwise is hoping to draw a retail market for its Bitwise 10 Index Fund, which it intends to list on a regulated alternative trading system later this year.

Matt Hougan

Markets

Bitwise Withdraws Bitcoin ETF Application With the SEC

Bitwise's bitcoin ETF has been pulled, but the firm said it plans to refile at a later date.

Bitwise CIO Matthew Hougan

Finance

ETF Giant Leads $17.7M Series A for Blockchain Compliance Startup

WisdomTree was the lead investor in the funding round for Securrency. Other investors include the state-backed Abu Dhabi Investment Office (ADIO).

Methuselah image via Shutterstock

Markets

The Case for a Bitcoin ETF

Dave Weisberger of CoinRoutes lays out why he believes that the SEC is wrong to deny a bitcoin ETF.

Stock Exchange, 1809 by Thomas Rowlandson via Metropolitan Museum of Art

Finance

The SEC Is Reviewing the Bitwise Bitcoin ETF Rejection

The agency’s five commissioners will review a staff decision to reject the rule-change proposal for a bitcoin ETF made last month.

Bitwise Chief Investment Officer Matt Hougan

Markets

The SEC Has Rejected Every Bitcoin ETF. This Firm Thinks It Has a Solution

Wilshire Phoenix believes balancing funds between BTC and T-bills may convince the SEC that its bitcoin ETF proposal is better than the rest.

SEC image via Shutterstock

Markets

Former World Gold Council Exec Develops New Bitcoin ETF

The portfolio manager behind SPDR Gold Shares is developing a bitcoin ETF, but winning SEC approval remains a holy grail in the nascent space.

Kryptoin CEO Jason Toussaint

Markets

SEC Restarts Clock on Proposed 'Bitcoin and T-Bills' ETF

Members of the public have another 21 days to send the SEC comments on a proposed ETF backed by bitcoin and Treasury bonds.

(Michael del Castillo/CoinDesk)

Markets

SEC Rejects Bitwise's Latest Bitcoin ETF Proposal

The SEC has rejected Bitwise's proposal for a bitcoin ETF.

Bitwise CIO Matthew Hougan