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

Bitcoin's Prospects Strengthen as Key Stablecoin Metric Slides to Lowest Level in 18 Months

The dwindling metric points to declining selling pressure in the bitcoin market.

A person looking at multiple trading screens. (sergeitokmakov/Pixabay)

Markets

Bitcoin Nears $58K as Market Slides Ahead of Busy Data Week

Crypto markets lack a clear anchor and are susceptible to continued position adjustments based on traditional finance markets, one analyst said.

Quick slide in crypto prices on Friday (Karsten Winegeart/Unsplash)

Policy

Japan's Top Regulator Says Crypto-ETF Approvals Need 'Cautious Consideration:' Report

The U.S., Hong Kong and Australia have all recently given green lights to crypto-related ETFs.

Tokyo, Japan (thetalkinglens/Unsplash)

Markets

XRP Jumps 17%, Beating Bitcoin Gains, as Ripple-SEC Case Ends

Trading volumes nearly tripled and open interest on XRP-tracked futures jumped $200 million in the past 24 hours.

(CoinDesk Indices)

Finance

Hong Kong Digital Bank Mox Adds Crypto ETFs, Plans Direct Crypto Investing

The bank becomes one of several offering bitcoin and ether ETFs to Hong Kong customers despite relatively low demand.

Hong Kong harbor skyline view into Kowloon

Markets

Bitcoin Whales Increased Holdings During Crypto Market Mayhem, but ETF Investors Didn't Buy the Dip

Though posting net outflows on Monday, the spot ETF action did show some positive surprises, Bloomberg ETF analyst Eric Balchunas noted.

(Todd Cravens/Unsplash)

Finance

Morgan Stanley to Offer Bitcoin ETFs to Wealthy Clients: CNBC

The move will take effect on Wednesday and will be open to clients with a net worth of at least $1.5 million.

Morgan Stanley (Shutterstock)

Markets

Bitcoin ETFs Break Inflow Streak as Traders Look to Trump’s Nashville Appearance for Volatility

Bitwise’s BITB led with $70 million in net outflows, followed by Ark’s ARKB at $52 million and Grayscale’s GBTC at $27 million.

outflows (Unsplash)

Markets

BlackRock's Spot Bitcoin ETF Draws $526M in Net Inflows

BTC failed to take out key price resistance despite huge inflows into BlackRock's IBIT.

BlackRock headquarters (Shutterstock)